UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,728 sqft
Price per Sqft $155
Subdivision Isaac Jackson
MLS Listing ID 4124124
Year Built 1978
Annual Tax Amount $22,308
Tax Year 2025
Lot Size 25.989 Acres
Acres 25.989
Property Sub-Type Multi Family
Source actris
Property Description
INCOME IN PLACE. Sold as 3 separate tax parcels, giving a buyer flexibility to phase, finance, or divest in pieces. Improvements include 5 site-built homes and 1 duplex totaling 6,672 sq ft with 16 beds and 10 baths, plus 4 rented lots. Scheduled gross monthly income is $7,990, or $95,880 annually. Two units are currently vacant, so a buyer steps into immediate lease-up upside. Net income before repairs runs approximately $43,594 annually per seller's statement. Full rent roll and expense detail available on request.
THE CORRIDOR. Caldwell County ranks among the fastest growing counties in the nation, and Lockhart grew from roughly 14,400 residents in 2020 to more than 17,000 by 2024. Blue Sky, a 932 acre master planned community, has roughly 3,650 homes planned. Moxie adds another 2,500 homes on 589 acres. TxDOT has authorized $250 million to convert 21 miles of SH 130 into a smart freight corridor beginning in 2027. Thousands of rooftops are arriving in a market that has not yet built the storage, contractor yards, retail, or workforce housing to serve them.
THE LAND. A large 2 to 3 acre stock pond near the front provides a nice recreation spot. Gently sloping pastureland with mature trees. Electricity and public water connected, septic in place. 746 x 1612. Texas counties have no zoning authority; buyer to verify jurisdiction and ETJ status.
Collect income while entitling highway frontage in one of the fastest growing corridors in Texas. Additional 27.46 acres available to the north under MLS 1697253. Combine both for 53.45 contiguous acres. Seller will consider a package price for the two tracts.
Location
State TX
County Caldwell
Zoning No zoning found
Interior
Heating Central, Electric
Cooling Central Air, Electric, Wall/Window Unit(s)
Flooring See Remarks
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
View Pasture, Pond
Total Parking Spaces 30
Private Pool No
Building
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Public
Structure Type Vinyl Siding,See Remarks
New Construction No
Others
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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