Description

Aster Street Duplexes are a fantastic multi-family property located in the Llano County Opportunity Zone, in the ever-growing unincorporated town of Kingsland. This property consists of 11 modular constructed duplexes, with 22 individual units that remain 100% occupied. Each unit has 2 bedrooms, 2 bathrooms. All units have either ceramic tile floors or luxury vinyl plank, that greatly reduce turnover cost. Also included in each unit are washer/dryer hookups, electric range, refrigerator, dishwasher, and are individually metered through Kingsland water. Two car parking is available in front of each unit and the rear yards are completely fenced with partial cedar and perimeter chain link. This is attractive for tenants that are pet owners. Additional development opportunity exists with the +/- 3 acres of unimproved land within the same tract. Llano County, and especially, the unincorporated city of Kingsland offer an expedient approval process for potential development, since only county approval is necessary for permits. Many of the units have received significant upgrades that include LED lighting, range hoods/vents, interior doors and hardware (including closets), tankless water heaters, flooring, and interior paint. These upgrades offer residents a cost saving and energy efficient arrangement. The exterior renovation was completed in the summer of 2022, and included the addition of new window shutters, new paint, caulking, and more. See associated docs for more information on this property.