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27 Luxury Condo's on Lake Granbury, Texas 401 E Pearl St 60 Unit Apartment Building For Sale Granbury, TX 76048
Investment Highlights
- New owners secure more than $1 million in equity right away, based on individual retail sales, granting investors a strong position from day one.
- Towne Square Apartments and Condos is currently 100% leased, and November collections were $48,560, highlighting a reliable income flow.
- Granbury has favorable long-term upside, showcasing a 16% increase in the population over the last 4 years, expected to rise another 16% through 2029.
- With 40% ownership across 27 condos, investors gain unmatched influence over HOA policies and the long-term vision for this thriving community.
- In a prestigious node, boasting average household incomes above the national average at $90,752, and $584.5 million in annual consumer spending.
Executive Summary
Granbury Historic Charm meets Lakefront Luxury Living, a rare investment opportunity.
Just two blocks from the historic downtown square and located on beautiful Lake Granbury, Towne Square Condominiums at The Lodge of Granbury offers an exceptional combination of location, stability, and upside potential. Most units feature south-facing balconies that stay comfortable all day long, even in the summer. Granbury has been awarded, three times, the distinction of America’s Best Small Town in America.
The property is currently 100% leased and January's income was $50,963. These 27 condominiums, representing 40% ownership interest, provide the new owner(s) with significant influence in major HOA decisions and the long-term direction of the community. This is a rare opportunity for an investor to acquire one of Granbury’s most desirable lakefront communities—offering strong current income and outstanding long-term appreciation potential.
This rare opportunity of lakefront living and Granbury’s historical charm is being offered for $5,995,000. The new owner(s) will have an immediate equity position exceeding $1,000,000 based on individual retail sales. Additional information is located at the bottom of this page. Click the link below to find out more.
Just two blocks from the historic downtown square and located on beautiful Lake Granbury, Towne Square Condominiums at The Lodge of Granbury offers an exceptional combination of location, stability, and upside potential. Most units feature south-facing balconies that stay comfortable all day long, even in the summer. Granbury has been awarded, three times, the distinction of America’s Best Small Town in America.
The property is currently 100% leased and January's income was $50,963. These 27 condominiums, representing 40% ownership interest, provide the new owner(s) with significant influence in major HOA decisions and the long-term direction of the community. This is a rare opportunity for an investor to acquire one of Granbury’s most desirable lakefront communities—offering strong current income and outstanding long-term appreciation potential.
This rare opportunity of lakefront living and Granbury’s historical charm is being offered for $5,995,000. The new owner(s) will have an immediate equity position exceeding $1,000,000 based on individual retail sales. Additional information is located at the bottom of this page. Click the link below to find out more.
Property Facts
| Sale Type | Investment | Lot Size | 0.99 AC |
| No. Units | 60 | Building Size | 65,000 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1983 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 65,000 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1983 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Clubhouse
- Pool
- Property Manager on Site
- Package Service
- Dock
- Lake Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 635 |
| 1+1 | 31 | - | 635 - 867 |
| 1+1.5 | 10 | - | 867 |
| 1+2 | 7 | - | 867 |
| 2+2 | 11 | - | 1,200 |
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Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| The Pan Handle | - | - | 4 min walk |
| Ketzler's Schnitzel Haus | German | $$ | 5 min walk |
| Paradise Bistro & Coffee Co | Bistro | $$ | 4 min walk |
| Fuzzy's Taco Shop | - | - | 6 min walk |
| Joe's Pizza & Pasta | Pasta | $$ | 10 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| PNC Bank | Bank | 13 min walk |
Hotels |
|
|---|---|
| Hilton Garden Inn |
106 rooms
2 min drive
|
| Quality Inn |
53 rooms
5 min drive
|
| Holiday Inn Express |
64 rooms
5 min drive
|
| La Quinta Inns & Suites |
57 rooms
5 min drive
|
| Best Western |
55 rooms
5 min drive
|
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,727,254 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $3,710,106 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$3,727,254 CAD
Total Assessment
$3,710,106 CAD
About the Seller
GL Couch Properties LP
Read More
Sale Advisor
Sale Advisor
Gary Couch, President
Gary Couch is the President of GL Couch Properties LLC.
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GL Couch Properties LLC
27 Luxury Condo's on Lake Granbury, Texas | 401 E Pearl St
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