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Description

Amazing family compound or income-producing property located at 23505 Fulkes Ln. This unique property includes four homes on one site, offering excellent potential for multigenerational living, rental income, or investment. The property consists of one main home at the front and three additional units at the back. The front home is a well-maintained 4-bedroom, 2-bath residence with its own separate water connection and septic system. The three homes at the rear of the property are currently tenant-occupied, with one structure divided into two separate units, bringing the total to four rental units in the back area. Current rental income in the rear units includes $1,300/month, $1,000/month, $1,300/month, and $1,700/month, providing strong income potential. The front home could potentially rent for approximately $2,000/month. There are three septic systems on the property (one permitted and two unpermitted). The front home has its own water meter, while the rear units are currently receiving water from a neighboring property. The sellers are working with the water company to install an additional meter so the rear units can operate under their own dedicated account. Great opportunity for an investor or buyer looking for multiple income streams or a large family compound with rental potential.

Contact Agent

Col Realty

(512) 699-3810

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Property Details

Status	Active
MLS #	ACT221082093
Taxes	$14,536 (2025) / year
Type	Commercial Sale
Year Built	1980
Living Area	8,010 Sq. Ft.
Lot Size	2.07 AC / 90,169 SF
County	Travis
Subdivision	Sandy Creek Ranches Ph 2 Sec

Property Information

Parking

Gravel

Utilities & Construction

Heat: Space HeaterAC: Ceiling Fan(s), Wall/Window Unit(s)TileFoundation: Slab

Directions: From Downtown Leander, head north on US-183/US-183A toward Hero Way. Turn left onto Hero Way West and continue for approximately 2 miles. Then turn right onto Fulkes Lane and follow it to 23505 Fulkes Ln, which will be on your right.