For Sale
$2,200,000

1731 Spur Carmine, TX 78932

Three homes, stunning views, high income.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity in Carmine, Texas, presents three distinct rental properties situated on a spacious 32,670-square-foot lot. The portfolio comprises a charming, updated historic cottage (1.5 baths), a renovated rustic barn currently operating as a successful event venue and bar ("Good Company") with a transferable beer and wine license, and a newly constructed contemporary home (2 baths). Each home features three bedrooms, totaling 2,672 square feet of net rentable space. All three properties are fully furnished and benefit from breathtaking views of the surrounding ranchland. The property's prime location near the expanding "Y" retail hub outside Round Top ensures high occupancy, particularly during the popular Round Top Antique Shows, where all units are currently booked to capacity. Further enhancing the income potential, a food truck also rents space on the property, attracting additional customers to the venue. This turnkey operation offers a unique blend of historical charm and modern amenities, presenting a lucrative investment with significant upside potential in a highly desirable Texas location. The property is zoned for hospitality, mixed-use, and multifamily uses. Built in 1930 and 2024, this portfolio represents a rare opportunity to acquire a high-performing, established rental business with immediate cash flow. The asking price is $2,200,000.

Highlights

  • Three distinct rental properties on a 32,670-square-foot lot in Carmine, TX.
  • Portfolio includes a renovated historic cottage, a renovated barn operating as a successful event venue and bar with a transferable beer and wine license, and a newly constructed contemporary home.
  • Each property features three bedrooms, totaling 2,672 square feet of net rentable space; all are fully furnished.
  • High occupancy rates, especially during Round Top Antique Shows, with all units currently booked to capacity.
  • Additional income generated by a food truck renting space on the property.

Property Details for 1731 Spur

Property type
Mixed-use properties, Residential income homes
Square Feet
2,672 SF
Buildings
3
Units
3

Location Insight

City
Carmine
County
Fayette
State
Texas
Latitude
30.126673252195
Longitude
-96.660336604173

FAQs

What type of property is this?
Mixed-use property - Three homes, stunning views, high income.
Where is the mixed-use property located?
The property is located at 1731 Spur Carmine, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Three distinct rental properties on a 32,670-square-foot lot in Carmine, TX.; Portfolio includes a renovated historic cottage, a renovated barn operating as a successful event venue and bar with a transferable beer and wine license, and a newly constructed contemporary home.; Each property features three bedrooms, totaling 2,672 square feet of net rentable space; all are fully furnished.
How can I contact the broker?
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1731 Spur
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