$1,950,000
256 Days On Market

Courtesy of Phyllis Browning Company, Adrianne Frost (210) 824-7878

Status: Active
Property Type: Hotel/motel
Year Built: 2020
Days On Website: 256

Property Details for 89 Ololo Ln, Fredericksburg, TX 78624

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 & seclusion. 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 Heavenly Host and ready for turnkey investment, the business includes two maintenance buildings that make housekeeping & management a breeze. Ololo sits on 6 acres of unrestricted land giving the new owner the ability to add more cabins, RV slips, sports court and other amenities or your dream house. Dedicated well and septic. Additional adjacent acreage and a historic 4,100-SF Pioneer 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.

Listing

  • Listing date: 2024-07-24 05:00:00
  • 255 days on market
  • 255 cumulative days on market
  • $929 per square foot

Location

  • County: Gillespie
  • Area: 3100

Building

  • Built in 2020
  • Approximate age: 5
  • Building/center name: OLOLO
  • Other
  • 2,100 square feet
  • 6 buildings

Foundation

  • Slab

Roof

  • Metal

Interior Features

  • Ceiling height: 10

Property

  • Zoning: 0

Schools

  • School district: Fredericksburg

Miscellaneous

  • Net operating income: $150,000
  • Monthly lease: $0
  • None
  • None
  • No
  • None
  • 4 rentals
  • 8 parking spaces
  • 4 units
  • Other tax: 14.96

Taxes

  • Total tax: $3,372
  • City tax: $0
  • County tax: $890
  • $2,468 school tax
  • Property Tax ID: 22807

Utilities

  • Water utility supplier: Well
  • Electricity
  • Water
  • Septic
  • Cable TV

Map View


$1,950,000 - 89 Ololo Ln, Fredericksburg, TX 78624

Street View


Directions


89 Ololo Ln
Fredericksburg, TX 78624
County: Gillespie

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