4 Unit Short Term Resort - Cash Flow Opportunity

140 Banister Canyon Lake, TX 78133

140 Banister, Canyon Lake, TX, 78133
140 Banister, Canyon Lake, TX, 78133
FOR SALE
Property Type:
Resort
Amount:
$935,000
Last Verified:
Jun 11, 2019

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
  • Newly Renovated Units with Sunset Views of Canyon Lake
  • Short-Term Rental Units
  • Turn-Key Everything Stays!
  • All Utilities Ready for Expansion

Description

This property is located 3 miles north of Canyon Lake Dam. It 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 units 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 units 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 unit 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 property 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.

From IH 35 Go West on FM 306, Go approx 1.45 miles past South Access Rd by Canyon Lake Dam, turn left on Jacobs Creek Park Rd, then immediately turn right onto Old Hancock Rd and Still Water Ranch Condos will be on you right.


Year Built: 2006
Building Size: 5006.0sq ft
Lot Size: 2.64 acres

Map of 140 Banister, Canyon Lake, TX, 78133

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