23226 Fm 306

Description

Great opportunity for a relatively automated business which is expected to have a strong yearly cash flow of approximately 100k gross based on pro-forma data and current run rate with plenty of room for rental increases. Proforma and other documents are attached to listing. Construction is not yet complete at the time of listing (ETA 2 weeks) and facility is already at approximately 70% occupancy already. The property itself has 50 units with current rents varying from $165 to $195 a month and plenty of room for increases based on the quality of the facility and supply/demand in the Canyon Lake area for these types of services. The owner is planning for a 15% increase shortly. There is a clean website which allows for the automation of reservations, cancellations and rentals. Property itself has great frontage on 306 and is approximately 5 minutes away from 2 major boat ramps for the north side and within about 10 minutes of the beautiful north side marina. Cost of raw materials has gone up significantly since construction and land has also continued to rise in the vicinity of Canyon Lake, so this is a rare opportunity to own a cash flowing business with a real estate component which has also historically risen at a very strong rate. Canyon Lake itself has been a very strong attraction to boat and RV owners. We are attaching some graphically enhanced visual representations of what the property will look like when finished to the photos (these images are approximations and just to create perspective). The 2 north side buildings will be covered, but not enclosed and the southern side units closest to the road are enclosed with bay doors adding a degree privacy to the customer experience. There is no physical storefront or need for employees as the storefront is "internet based" and doesn't require the owner's time in the vast majority of instances. Expenses and maintenance are also overall very minimal. If one is looking for a great business investment opportunity in the vicinity of Austin and San Antonio which will overall require very little time and has easily delegated tasks this is a great one to consider. Additional documents are available for serious inquiries.