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Lakeshore Apartments 930 Ranch Road 261 12 Unit Apartment Building $1,490,000 ($124,167/Unit) 6% Cap Rate Buchanan Dam, TX 78609

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INVESTMENT HIGHLIGHTS

Highway Frontage
Unrestricted property

Lakeview

EXECUTIVE SUMMARY

Apartment complex with big views of the main body of Lake Buchanan. 20 minutes to multiple cities.

Lakeshore Apartments - Flyer

Existing Survey

Property Condition

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$122,975	$11.02
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$122,975	$11.02
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$59,517	$5.34
Net Operating Income	$63,458	$5.69

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$122,975
Annual Per SF	$11.02

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$122,975
Annual Per SF	$11.02

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$59,517
Annual Per SF	$5.34

Net Operating Income
Annual	$63,458
Annual Per SF	$5.69

PROPERTY FACTS

Price	$1,490,000	Apartment Style	Low-Rise
Price Per Unit	$124,167	Building Class	B
Sale Type	Investment	Lot Size	2.33 AC
Cap Rate	6%	Building Size	11,155 SF
No. Units	12	No. Stories	1
Property Type	Multifamily	Year Built	1960
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,490,000
Price Per Unit	$124,167
Sale Type	Investment
Cap Rate	6%
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low-Rise
Building Class	B
Lot Size	2.33 AC
Building Size	11,155 SF
No. Stories	1
Year Built	1960
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.