This 5.33-acre commercial property offers a prime investment opportunity just outside Bastrop city limits. Located directly on Highway 71, the site includes a 6-plex, 10 anchored modular homes, 10 RVs, and 3 RV spaces. Tenants handle their own utility expenses, billed monthly. On-site maintenance is managed by a resident couple… Read More in exchange for RV rent, utilities, and a monthly stipend. Neighboring commercial developments and high-traffic visibility make this property an ideal choice for potential billboard and food truck income. Rents are below market, with a 15-20% increase feasible as well as potential for billboards and food trucks. Positioned near gas stations, retail, and the rapidly developing growth, this property presents substantial growth and income potential. Do not disturb tenants. Please reach out for more details. Read Less
Property listed by Keller Williams Realty 512-346-3550 (512) 346-3550
Listing Snapshot
Days Online
6
Last Updated
Property Type
MultiFamily
Square Ft.
19,800
Lot Size
5.33 Acres
Year Built
1995
MLS Number
6672597
Additional Details
Building
Built in 1995, 19800 total building sqft, NoLoading, SeeRemarks, Brick
Expenses
Operating Expense: $62,061
Floors
Carpet, Laminate
Heating
Central, VariesByUnit
Income
Gross Scheduled Income: 383340, Net Operating Income: 321279
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