Courtesy of: Stacy Bass, Compass RE Texas, LLC, stacy.bass@compass.com
Courtesy of: Stacy Bass, Compass RE Texas, LLC, stacy.bass@compass.com
$999,000
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Lot: 4.10 Acres
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Other
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$999,000
120 Cedar Bend Road Charming Income-Producing Compound - Ideal for Investors or Owner-Occupants Property highlights include: - 4.1 Private Acres with 6+Rental Units including the Owner-Occupied Main House - Main home includes 3 bedroom / 3.5 baths - +- 2500 sq.ft with attached sunroom - Additionally, the Main Home offers two decks, a covered pavilion that backs to a wet weather creek and features a panoramic hill country view. - +-1 Acre of undeveloped land for expansion, where additional units could be added - 2 separate gated entries - Beautiful old, hand-stacked stone rock walls surrounding the perimeter of +- 3 acres - Two water wells - Blanco River Access for property owners (a 28-acre member only gated river park) - Full RV Hookups and Private Parking Area - Storage Buildings/Sheds - Plenty of individual parking areas - Community fenced garden area - Plenty of room to add a community pool and/or private pool - High-speed fiber internet available to all sites - Located on a quiet, cul-de-sac street Discover this delightful income-generating family compound, perfect for both investors and owner-occupants. The property boasts a total of six rented single-family dwellings and one rented RV space; each home site features private parking, inviting outdoor living spaces, individual patio or decks and several units have fenced yards ensuring tenant satisfaction year-round. Many of the units have been recently constructed or have undergone extensive updates/remodels and have been meticulously maintained to enhance the appeal of this family compound and/or income-producing property. The current income, including potential rent from the owner-occupied main residence and the other five structures plus RV Site, is approximately $8, 500 monthly. Significant increase in potential revenue if used as short-term rentals. Please note that the square footage of the buildings is approximated and combined for all units.
Courtesy of: Stacy Bass, Compass RE Texas, LLC, stacy.bass@compass.com
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