A Rare & Unique Live-Work property just minutes from Downtown
Lockhart! Plus Passive Income potential if you lease the Shop! The
3.79 acres includes a separate 4 Bedroom, 3 Bath plan, a 4 Bay
Work/Repair Shop with attached Office/Retail/Storage Space, plus a
6 Door Garage just steps from the House. The land has No Zoning
Restrictions and is ready for Flexible Commercial use, Hobbies,
Horses, Cows or other Livestock including a Barn! In the house, the
Spacious Primary Bedroom Retreat has an oversized Jetted Bathtub,
separate Shower and Walk in Closet with On-Demand Hot Water!
One Bedroom has an attached Bath for flexible use as a Guest
bedroom. The Entry opens on the left to the Formal Dining Room then
to the Light and Airy Living Room. Enjoy the Kitchen with Propane
Gas range that's Open to both Dining areas, perfect for
Entertaining! Relax either on the Covered Front porch or catch the
Sunset on the Covered Back Porch. The detached 6 Door Garage has 3
doors on two different sides, perfect for Multi use as a Garage
and/or Workshop/Storage. The 3,440 Square Foot Work/Repair Shop
includes 4 Bays, each with 20' Roll Up Door, a separate 400 Square
Foot Office/Retail space with a Mini Split climate control
and an additional 400 Square Foot Storage space on the right side
of the Shop. The Shop building is ready for many uses, a
Mechanic's shop, RV Storage or space to run (or rent out to) almost
any type of business. The possibilities with this property
are endless. Come and see this Unique Property & make it your
own Oasis to Live, Work & Enjoy!
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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