Excellent Investment Opportunity on Lake LBJ. Located on the Colorado Arm of Lake LBJ this east facing home has so much potential, 121' ft of open waterfront with the house sitting on one lot and an additional lot next door included. The house is 2 stories with each level being a separate unit, having 2 bedrooms 2 full baths, a living room, kitchen and lakeside decks. Great views up and down the Colorado Arm. The boat house is in disrepair and the property is priced accordingly. Short term rentals are allowed, this is the investment you have been looking for!