Luxurious Condominiums With Gorgeous Lake Views
$935,000
140 Banister, Canyon Lake, TX 78133
9.4
Cap Rate
5,006 sqft
Building Size
Details:
Highlights:
- 2.64 Acre Tract with Room for Additional Improvements
- Commercial Septic System Has Capacity for Additional Condominium
- Billboard Lease for Additional Income
- Public Park and Boat Ramp Located Across the Street
- Updated Condo Units with Sunset Views of Canyon Lake
- Short-Term Rental Units
- Turn-Key Everything Stays!
- All Utilities Ready for Expansion
Description:
Still Water Ranch Condominiums, located 3 miles north of Canyon Lake Dam, offers multiple hospitality opportunities presently and in the future. It's ideal for a buyer who wants to continue the current operation or add additional condos to expand the income potential. There is also enough land included to develop boat and RV storage or other business opportunities.
Offers 4 two-bedroom Condo completely furnished with fully equipped kitchens, stainless steel appliances, one king size bed plus a combination of Queen and/or bunk beds for the kids, sleeping up to eight. Each condo has an upstairs private balcony with gorgeous views of the lake and hill country. Bathrooms have large tile walk-in showers, and large vanities. Each unit is equipped with high speed internet and multiple flat screen TV's. This 4 Unit Condo sits on 2.64 acres that has a sand volleyball court, concrete basketball court, outdoor fireplace, outdoor pavilion w/ kitchen, rock patio under the oaks and more land to add additional improvements.
Documents:
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Offering Memorandum
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2016 Income & Expense
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2017 Income & Expense
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Location

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