12 unit rental home investment on 10 acres - Leander, TX
12 Rental units on 10 acres - Turnkey investment
Marketing description
Carson Morgan of New Hope Realty Group is pleased to present an established residential income property situated on approximately 10 unrestricted acres in Leander, Texas. The property consists of 12 rentable residences, including a main residence, garage apartment, and ten detached rental residences totaling approximately 8,036 square feet of living area.
Designed as an income-producing residential operation, the property offers a diverse mix of housing options supported by existing infrastructure, including a shared well, multiple septic systems, established electrical service, interior roadways, solar panels on the main residence, and a swimming pool. The current configuration provides investors with an opportunity to acquire an operating residential rental property without the time and expense of developing comparable infrastructure from the ground up.
This offering is well suited for private investors, 1031 exchange buyers, residential rental operators, workforce housing investors, and groups seeking an established income-producing asset in the rapidly growing Leander market.
Out of respect for the tenants, all property visits and showings must be coordinated through the listing agent. Please do not enter the property or disturb tenants without a scheduled appointment.
Investment highlights
- 12 Existing Residential Rental Units — Diversified income-producing property consisting of a main residence, garage apartment, and ten detached rental residences.
- 10 Unrestricted Acres — No POA and no known deed restrictions, providing operational flexibility.
- Approximately 8,036 SF of Living Area — Multiple residence types serving a variety of rental needs.
- Established Residential Income Operation — Existing rental operation with current rent roll and supporting due diligence materials available.
- Existing Utility Infrastructure — Shared well, multiple septic systems, established electrical service, and interior road system already in place.
- Current Monthly Rental Income — Approximately $15,235/month with projected stabilization of approximately $17,085/month based on current ownership's rent schedule.
- Owner Financing May Be Considered — Flexible financing available for qualified buyers with acceptable terms.
- Investor-Oriented Due Diligence Package — Current rent roll, operational information, and supporting documentation available upon request.
- Leander, Texas Location — Located in one of the fastest-growing areas of Central Texas with convenient access to major employment centers, shopping, and transportation corridors.
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