Properties

Canyon Lake, TX 78133 1235 Skylark Drive

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Presented By: Greenbelt Realty
  • MLS# 607035
  • 03/11/2026
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  • SQFT • 3,208

Home Details

OPEN HOUSE FOR INVESTORS AND PUBLIC! MON 3/30 10A-1P and THU 4/2 10A-1P Investor opportunity at 1235 Skylark in Canyon Lake! This income-producing property features three residences on one lotโ€”two mobile homes and one modular homeโ€”offering multiple revenue streams in a high-demand Hill Country rental market. Two of the homes are currently leased long-term for a combined $2,475/month, while the third operates as a short-term rental with pro forma income bringing total projected rents to approximately $3,675/month ($44,100 annually). It also has one more buildable space for another unit to be added. At the asking price of $325,000, the property offers an estimated gross cap rate of approximately 9.5%, making it a compelling option for investors seeking strong cash flow and diversification between long- and short-term rental strategies. Whether youโ€™re expanding a rental portfolio or looking for a value-add opportunity in the Canyon Lake market, 1235 Skylark delivers immediate income with upside potential in one of the fastest-growing recreational areas in Central Texas.
Presented By: Greenbelt Realty

Additional Details

Price History

Connect Realty

Price $325,000
MLS#607035
List Date 03/11/2026
Property Type Single Family
Phone 888.795.6274
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info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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