1. Texas
  2. Buchanan Dam
  3. 930 Ranch Road 261
$1,495,000/mo

930 Ranch Road 261, Buchanan Dam, TX 78609

  • 11,155 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon2.33acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $134/sqft
  • Property List Date Icon Listed 13 days ago

Property Description

Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanan’s main body—making it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only.

Listing Status:
Active
Listing Office:
Jesse James Real Estate : (512) 793-2851
Listing Agent:
Jason James : (325) 423-4415
MLS ID:
4339210
  • Flooring: TileVinyl
  • A/C: Other
  • Heating: See Remarks
  • Eco/Green Feature: NoneNone

This listing courtesy of Jason James, Jesse James Real Estate

Location

Schools Nearby

P

Packsaddle Elementary School

150 Pioneer Ln, Kingsland, TX, 78639

Grades PK-5

6.20 miles away

L

Llano Junior High School

400 E State Highway 71, Llano, TX, 78643

Grades 6-8

13.31 miles away

L

Llano High School

2509 S State Highway 16, Llano, TX, 78643

Grades 9-12

13.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.