3997 Fm 535 new Save Request In-Person Tour Request Virtual Tour
Red Rock,TX 78662
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,311 sqft
Price per Sqft $304
Subdivision Lentz, Jacob G
MLS Listing ID 3806272
Bedrooms 3
Full Baths 2
Year Built 1945
Annual Tax Amount $3,369
Tax Year 2024
Lot Size 1.447 Acres
Property Sub-Type Single Family Residence
Property Description
Incredible Investment Opportunity – Multi-Unit Property with 7.5% Cap Rate!
Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand.
Main Home – 912 sqft, market rent $1,500/month. Tiny Home – 399 sqft, currently renting for $1,100/month. RV Spot – $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities.
Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won't last long. Don't miss out – schedule a showing today!
Location
State TX
County Bastrop
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Exterior Feature See Remarks
Fence Partial
Pool None
Community Features See Remarks
Utilities Available Electricity Connected,Water Connected
Waterfront Description None
View Rural
Roof Type Shingle
Building
Lot Description Public Maintained Road
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Shared Well
Structure Type HardiPlank Type
New Construction No
Schools
Elementary Schools Red Rock
Middle Schools Cedar Creek
High Schools Cedar Creek
School District Bastrop Isd
Others
Special Listing Condition Standard