15-unit MF groundlease near Austin Hi Circle South

Minimal capital investment required to control a valuable multifamily property near Austin. $8,400 is monthly ground lease payment, 40 year term, lessee can buy fee ownership for $1 at end of 40 years. The land is fully entitled: zoning, platting, roads, underground utilities, water and wastewater. High-end community located near Austin and San Antonio. Area Description: Located in the middle of the Horseshoe Bay Resort, on Lake LBJ, 50 miles from Austin, 90 miles from San Antonio, in the heart of the Texas Hill Country. The 7,000-acre, AAA Four Diamond Horseshoe Bay Resort is home to three Robert Trent Jones Sr golf courses, a private airport with 6,000 foot runway, 16 tennis courts, bike rentals, hiking trails, spa and fitness center, a private members-only Jack Nicklaus Signature Golf Course, and 18-hole Dwarf Bermuda grass putting course, nearby Baylor Scott & White hospital, a full-service marina on constant-level Lake LBJ, a 249-room hotel, four swimming pools, a white-sand beach, and unmatched scenic views. Entitlements: This is a ready-to-build project. The land is fully platted/subdivided with City provided water and wastewater at the property line. The roads are paved, the electricity and other utilities are underground, so as to not infer with the panoramic views. This project was designed to conform to the property’s current zoning, City regulations and Architectural Control Committee requirements. All you have to do is build and enjoy. As an added bonus, the property tax rates are some of the lowest in the state.