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1502 Claremont Cir 2 Unit Apartment Building $380,000 ($190,000/Unit) Marble Falls, TX 78654
Investment Highlights
- Well-maintained two-story duplex featuring 3 bedrooms and 2.5 baths per unit, each with a one-car garage and additional parking.
- Investment-ready with one side leased at $1,495/month on an annual lease and the other side fully remodeled and vacant.
- Just 5 miles from Lake LBJ and minutes from Lake Marble Falls, offering recreation and tourism-driven rental appeal.
- Prime location in Marble Falls near H-E-B, Home Depot, healthcare, and local shopping, less than a mile away.
- Brand new roof installed in May 2024, providing immediate value and reduced future maintenance costs.
- Strong local community with excellent schools, nearby wineries, festivals, and outdoor amenities in the Texas Hill Country.
Executive Summary
Amazing investment opportunity in growing city of Marble Falls, Texas! Currently, rented with 2 tenants, 1 month to month lease, 1 annual lease. (See agent remarks for details) Situated in the heart of Marble Falls with close proximity to shopping, amenities and healthcare. Home Depot and HEB Grocery less than a mile away. In addition, the unit is 5 miles from Lake LBJ and only a few miles from Lake Marble Falls. This would be a great Owner Occupied investment property or partnership opportunity as expansion of a current portfolio. Nestled in the back of the neighborhood in a Cul De Sac, this well-maintained, 2-story duplex includes 3 bedrooms & 2.5 baths on each side with additional parking outside of the 1 car garage. Brand new roof added in May 2024. There is so much to offer in the local Highland Lakes area from fishing, water sports, award winning wineries, area music festivals, boutique shopping, as well as great community centers and ways to volunteer at local schools, food pantries and churches. Marble Falls is a wonderful place to live and raise a family with excellent schools in MFISD, Faith Academy, Lola & One Day Academy. Whether purchasing for investment, portfolio expansion or personal living, this opportunity will not last very long. Similar unit under contract in less than 25 days. Don't hesitate to stake your claim in the Texas Hill Country today! One side occupied at $1495 per month for 1 year lease. Other side vacant and recently remodeled with new flooring, paint, lighting and blinds.
Property Facts
| Price | $380,000 | Apartment Style | Low-Rise |
| Price Per Unit | $190,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 2 | Building Size | 2,804 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2007 |
| Price | $380,000 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 2,804 SF |
| No. Stories | 2 |
| Year Built | 2007 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $1,495 | - |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 69241 | Improvements Assessment | $404,898 |
| Land Assessment | $34,500 | Total Assessment | $439,398 |
Property Taxes
Parcel Number
69241
Land Assessment
$34,500
Improvements Assessment
$404,898
Total Assessment
$439,398
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