930 Ranch Road 261, Buchanan Dam, Texas

$1,495,000
Active
930 Ranch Road 261, Buchanan Dam, Texas
930 Ranch Road 261, Buchanan Dam, Texas
930 Ranch Road 261, Buchanan Dam, Texas
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Property Details

MLS ID: 4339210
Status: Active
Price: $1,495,000
Acres: 2.33±
Type: Apartment, Commercial
Address: 930 Ranch Road 261
City, State: Buchanan Dam, TX
County: Llano County
ZIP Code: 78609
Parcel Number: 021662
Year Built: 1960

Description

Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanan’s main body—making it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only.

Directions: From highway 29 and Hwy 1431 (Fuzzy's Corner) travel East on Hwy 29. Left on Hwy 261. Property on Right. Look for blue Lakeshore Apartments sign. Appointment needed.

Davin Topel

Davin Topel

Capitol Ranch Real Estate, LLC

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Davin Topel
Capitol Ranch Real Estate, LLC
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Listed By: Jesse James Real Estate