About this property

Unique Short-Term Rental Investment Opportunity | Lake Alan Henry Here's your chance to purchase the entire Beyond Heaven Meadows development, lock, stock, and barrel. Only an hour from Lubbock! This is a rare opportunity to acquire a fully operated short-term rental package with room to grow in some big ways. The property includes one standalone home and three additional buildings with 5 additional units, all situated on approximately 15.6 acres. To the rear of the property are 12 platted one-acre lots located at the intersection of Hope Avenue and Grace Avenue. The existing rentals are already producing income, with clear value-add potential, while the remaining land is well positioned for future short-term rental development or individual lot sales. The rentals are currently operating successfully and generate consistent income at a healthy cap rate, with additional upside through expanded units or operational improvements. A caliche road has already been installed to the rear of the property, providing easy access for future construction. This could be used as a personal recreational retreat for lake days, group or church gathering space outside the city, solely an investment opportunity, development value add potential, so many angles to look at this versatile property. You're not just buying a property, you are literally buying a subdivision of your own, that pays for itself! Existing Short-Term Rentals (6 Total) "Ma & Pa's Home Place" Two-bedroom single-family home on its own lot Link: https://www.airbnb.com/rooms/1248565472588085515 "Nana Bear's Cabin #1" Themed one-bedroom, one-bath cabin Link: https://www.airbnb.com/rooms/1171843775876761817 "The Getaway Cabin #2" Link: https://www.airbnb.com/rooms/1233379839202708120 "The Pelican Cabin #3" Link: https://www.airbnb.com/rooms/1233429792782933859 "Callie's Anchor Cabin #4" Link: https://www.airbnb.com/rooms/1233473473289873651 "D n T's Hideaway Cabin #5" Link: https://www.airbnb.com/rooms/1233580113696925069 Subdivision / Development Information: More background on the project and construction style can be found here: https://www.beyondheavenoutdoors.com/aussie-rock-1 All buildings are constructed with Aussieblock, a durable and energy-efficient masonry building system (www.texausrock.com). The current owner is the Lubbock-area representative for Aussieblock, giving a new owner a built-in advantage should they choose to continue development using the same materials and design. Notable Highlights Income Producing Newer Construction - 2022 Built Develop-ability, Already Platted Highway Frontage Tax Benefits - Cost Segregation (Ask your accountant) Energy Efficiency & Durability Water & Infrastructure Established / Proven Two underground water streams running through the property with strong GPM Water well, water collection and storage systems already in place to support future development Dedicated access from "Hope Avenue and Grace Avenue" Significant room to expand short-term rentals or pursue alternative uses like RV, Storage, Retail, Venue Existing covenants can be modified by the new owner If you have thoughts questions, or interest please don't hesitate to call. I'ld love the opportunity to see if this property could align with what you are looking for!