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$1,950,000
Est. payment /mo
2,100 SqFt
Price Dropped by $50K
89 Ololo Ln Fredericksburg, TX 78624
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UPDATED:
11/04/2024 08:06 AM
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $928
MLS Listing ID 1795683
Construction Status Other
Year Built 2020
Annual Tax Amount $3,372
Property Description
Welcome to Ololo, a natural sanctuary just miles from Downtown Fredericksburg, where four beautifully appointed cabins are thoughtfully situated around a magical, giant cedar tree. These income-producing short-term rentals were built in 2020 and have been successful from Day One. Behind the private, gated entrance, visitors find the peace that comes with acreage. Each unit includes a bedroom, bathroom with tile shower, a private hot tub, outdoor shower, and a front porch with seating. Every cabin is unique, eclectically decorated, luxuriously appointed, and all furnishings can convey. Professionally managed by Porch Light Hospitality and ready for turnkey investment, the business includes two maintenance buildings that make housekeeping a breeze. Ololo sits on 6 acres of unrestricted land giving the new owner the ability to add more units, RV slips, or your dream house. Dedicated well and septic. Additional adjacent acreage and a historic 4,100-SF rock house are also available for sale. Just 2.6 miles from the Gillespie County Airport (T82) with a 5,000 ft. long runway. Financials available upon request after client has seen the property.
Location
State TX
County Gillespie
Area 3100
Exterior
Garage Spaces 6.0
Utilities Available Electricity, Water, Septic, Cable TV
Roof Type Metal
Building
Construction Status Other
Schools
School District Fredericksburg
Others
Acceptable Financing Sale Only, Cash, Conventional
Listing Terms Sale Only, Cash, Conventional
Listed by Adrianne Frost • Phyllis Browning Company • (210) 627-1000
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