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28198790
28316959

185 Hidden Dr, Canyon Lake, TX 78133 For Sale

WA
TX 506165
AssetlyOne
Listed by AssetlyOne
$999,900
249 days on market
Updated 22 days ago

4 Home Vacation Rental Portfolio | Canyon Lake

Details
Property Type Multifamily, Hospitality (+1)
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 6,150
Units 4
Tenancy Vacant
Pro-Forma Cap Rate 10%
Pro-Forma NOI $100,000
Price per SqFt $163
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 4
Stories 2
Acreage 0.671
Investment Type Value Add
Ground Lease No
Sale Condition Bank owned foreclosure

4 Home Vacation Rental Portfolio | Canyon Lake

Marketing description

Acquire a portfolio of four newly constructed homes in Canyon Lake, one of the Texas Hill Country's premier recreation and vacation destinations. Delivered vacant, the portfolio provides investors with the opportunity to complete the remaining make ready work, furnish each home, and implement their preferred operating strategy without existing tenants, guests, or legacy management systems.

Built in 2024, the homes offer modern construction, efficient three bedroom floor plans, and limited deferred maintenance compared to older vacation rental inventory. The portfolio is well suited for vacation rentals, mid term housing, executive rentals, or long term leasing, providing flexibility as market conditions and investment objectives evolve.

Located just minutes from Canyon Lake, the Guadalupe River, Whitewater Amphitheater, and New Braunfels, the property benefits from multiple year round demand drivers that support a professionally managed hospitality operation.

Property Overview

• Four detached homes

• Built in 2024

• Approximately 6,150 square feet of living area

• Approximately 0.671 acres

• Delivered vacant

Unit Mix

• Home 1: 3 Bedroom | 2 Bathroom | 1,066 SF

• Home 2: 3 Bedroom | 2 Bathroom | 1,490 SF

• Home 3: 3 Bedroom | 2 Bathroom | 1,490 SF

• Home 4: 3 Bedroom | 2.5 Bathroom | 2,104 SF

The portfolio consists entirely of three bedroom homes, a layout that appeals to families, groups, and extended stay guests while providing flexibility across multiple operating strategies.

Investment highlights

Why This Portfolio Stands Out

• Four newly constructed detached homes completed in 2024

• Delivered vacant, allowing investors to complete the remaining make ready work and implement their own operating strategy

• Modern three bedroom floor plans designed to appeal to families, groups, and extended stay guests

• Multiple operating strategies including vacation rentals, mid term housing, executive rentals, or long term leasing

• Limited deferred maintenance compared to older vacation rental inventory

• Located minutes from Canyon Lake, the Guadalupe River, Whitewater Amphitheater, and New Braunfels

• Opportunity to establish your own hospitality brand without inheriting existing operations or guest reviews

• Attractive basis with value creation driven by operational execution rather than major renovation

Revenue Potential

Market Performance

Estimated Average Daily Rate (ADR): $200 to $240

Typical Occupancy: 40% to 50%

Well positioned three bedroom homes with professional management have the potential to exceed these market averages.

Illustrative Annual Revenue

Per Home

Average Performance: $30,000 to $40,000

Professional Management: $45,000 to $55,000

Optimized Operations: $60,000 to $70,000+

Estimated NOI: $18,000 to $32,000

Four Home Portfolio

Average Performance: $120,000 to $160,000

Professional Management: $180,000 to $220,000

Optimized Operations: $240,000 to $280,000+

Estimated NOI: $75,000 to $130,000

Revenue projections are estimates based on comparable market performance and operating assumptions. Actual results will vary based on occupancy, pricing strategy, operating expenses, seasonality, and management quality. Prospective purchasers should perform their own independent underwriting.

Listing Contacts

WA
TX 506165
AssetlyOne
Listed by AssetlyOne

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Additional Information

Name
Wesson Assefa
License
506165
Brokerage
AssetlyOne, LLC
Brokerage Phone
4694507037
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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