Austin Silent Market
Listed by Austin Silent Market
$1,177,000
196 Southern Drive West Henly, Johnson City, Texas
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Net Rentable (SqFt) 7,350
Units 9
Cap Rate 0.21%
NOI $2,500
Broker Co-Op Yes
Year Built 2003
Buildings 9
Acreage 5.520
Zoning Open
Investment Type Owner/User
196 Southern Drive. 5.52 Acres with Hwy 290 Frontage. Possible Owner Finance Possible
Marketing description
Owner Financing Possible. Seller/Owner's previous peak monthly income derived from acreage was $9,600. (Residential Dwellings, RV Spots)
5.52 Acres just West of Drippings Springs in Henly, TX. Blanco County, 416 sq. ft of Hwy 290 Frontage with Multiple Income Producing Homes, RV Spots, Workshop
196 Southern Drive, Johnson City, TX 78636. Asking price of $1,337,500.
5.52 acres of generally flat and buildable land
Over 400 feet of Hwy 290 frontage (per seller’s survey)
7,350-7,400 square feet of buildings both residential and workshop
3 RV Hookups
Utilities: Electricity from PEC, 2 water wells, Septic
Rainwater Collections Lines Installed with SDR 11
Industrial equipment also for sale
Leading edge of development along Hwy 290 West of the Booming market of Dripping Springs, TX.
The Gateway to the Texas Hill Country Lands & Towns.
Located in the Next area of Highway 290 in the path of development
For the existing SURVEY, PLAT, showings, offers and more information Contact Exclusive Seller’s Broker George Vance McGee Austin Silent Market Realty 512.657.9281 georgevance@gmail.com
Listing Contacts
Austin Silent Market
Listed by Austin Silent Market
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,500.00
$208.33/mo
Valuation Metrics
0
DSCR
0.21%
Cap Rate
0.21%
ROI
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