2313 Lake DrTaylor, TX 76574

Property Details for 2313 Lake Dr

Lot size

1.00 AC

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional 1-acre property at 2313 W Lake Dr, Taylor, TX 76574, presents a lucrative multifamily investment opportunity. Located in booming Williamson County, this land boasts an existing single-family home, ideal for immediate rental income generation while developing the remaining lot. The property is zoned P-3 under Taylor's comprehensive plan, permitting the construction of up to six additional dwelling units. Permitted unit types include single-family homes, cottage courts, townhomes, and duplexes, offering flexibility for diverse development strategies. The existing structure provides a solid foundation for rental income, allowing for phased development and maximizing return on investment. Sewer and water services are readily available, simplifying the development process. This prime location on historic Lake Drive offers significant potential for capital appreciation in a rapidly growing Texas market. The one-acre lot size provides ample space for a substantial multifamily project, catering to the increasing demand for housing in the area. This is a rare chance to acquire a property with immediate income potential and significant long-term growth prospects. The asking price is $399,000.

Location Insight

City

Taylor

County

Williamson

State

Texas

Latitude

30.5754

Longitude

-97.4361

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