1220 Nora Lane
Property Description
Exceptional income-producing investment in the heart of Kingsland, just minutes from Lake LBJ and the renowned Kingsland Slab. This turnkey portfolio includes three duplexes built in 2022 plus one single-family residence fully renovated in 2022, offering a rare combination of newer construction, strong occupancy, and low-maintenance ownership. The property is 100% occupied and generates consistent rental income. Each duplex offers approximately 2,000 square feet and features two spacious 2-bedroom, 1.5-bath units with private backyards, ample parking, luxury vinyl plank flooring, quartz countertops, and durable Hardie siding designed for long-term, low-maintenance performance. The included single-family home spans just under 2,000 square feet and features 2 bedrooms and 2 bathrooms, providing additional rental flexibility and income diversification. Current duplex rents range from $1,300 to $1,400 per month, and all properties are serviced by KMUD sewer, Kingsland Water, CTEC electric, and Vyve high-speed internet. Investors will appreciate the low 1.23% tax rate and location within Llano Independent School District, a district recognized with an "A" accountability rating. Whether you're looking to expand an existing portfolio or acquire a stabilized, cash-flowing asset in one of the Texas Hill Country's most desirable lake communities, this offering presents a compelling investment opportunity with immediate income and long-term upside.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $995,000 |
| No. of Units: | 4 |
| Year Built: | 2022 |
| Lot Size: | 7,883.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $248,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-HLARTX-178274
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