301 S Hill St | Burnet, TX 78611
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- LoopNet Team
301 S Hill St
Burnet, TX 78611
12 Unit Multifamily · Multifamily Property For Sale
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12 Units
Investment Highlights
- 12-unit townhome complex constructed in 2018, situated near downtown and Wallace Riddell Park.
- Historically 100%-occupied, there is an opportunity to organically increase rents through aggressive marketing and leasing strategies.
- All units have two bedrooms, a full-sized washer and dryer, outdoor patio space, premium appliances and fixtures, and high-end design features.
- Burnet offers an array of amenities, including recreational activities, an excellent school district, prominent hospital, shopping, museums, and more.
- The area highlights strong demographics with 10,154 residents and an average household income of $81,696 within a five-mile radius.
- Only approximately 31% of the housing within a five-mile radius is renter-occupied, presenting a great advantage for an investor.
Property Facts
| No. Units | 12 | Building Size | 12,240 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2018 |
| Building Class | B | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 0.63 AC | ||
| Zoning | R-3 - Residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 12,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | - |
Property Taxes
| Parcel Number | 51750 | Improvements Assessment | $1,338,216 |
| Land Assessment | $67,555 | Total Assessment | $1,405,771 |
Property Taxes
Parcel Number
51750
Land Assessment
$67,555
Improvements Assessment
$1,338,216
Total Assessment
$1,405,771
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