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SAN MARCOS HWY LULING TX 78648
LULING, TX 78648
Asking Price
$1.68M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
9.63 Acres Multifamily Development Site | 92 Planned Units | Luling, TX <p>±9.63 Acres of Multifamily Development Land</p><p>Concept Plan for Approximately 92 Multifamily Units</p><p>Part of Wildcatter Ranch, a 71.14-Acre Mixed-Use Development</p><p>Annexed into the City of Luling with C-2 General Commercial Zoning</p><p>Nearby Water, Wastewater & Electric Infrastructure</p><p>Highway 80 Frontage | Approximately 1 Mile to Highway 183</p><p>Austin–San Antonio Growth Corridor</p><p>Ideal for Multifamily, Build-to-Rent, Workforce Housing, or Market-Rate Housing</p><p>D
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NOI
$80,000
Cap Rate
4.77%
DSCR
0.80
Underwater
Cash-on-Cash
-3.90%
Monthly Payment
$8,301.487
Annual Cash Flow
$-19,617.845
