1880 Fm 20, Red Rock, TX 78662 (MLS # 1597338)
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This unique income-generating property presents an exceptional investment opportunity with historically low vacancy rates for both its RV park and duplex units. The property is strategically positioned with 450 feet of frontage on HWY 20, offering excellent visibility and accessibility. The duplex, originally a farmhouse, has been meticulously converted and extensively renovated. One side is currently leased for $1,042.50 per month with a lease ending on July 31st, 2024. The other unit is currently utilized by the owner. The RV park comprises eight spacious spaces and all currently leased. Each equipped with 20, 30, and 50 amp metered service, septic hookups, and metered water. Additionally, there is a separate aerobic septic system dedicated to the RV park for efficient waste management. The property also includes a laundromat with coin-operated Maytag washer and dryer, providing an added convenience for tenants and visitors. A 40' x 60' steel barn with a 20' x 40' slab, electric, and water connections offers ample storage space, with two framed tool sheds (8' x 12' and 8' x 16') inside the barn. The property is fenced on three sides, providing security and privacy. A new conventional septic system was installed for the duplex in 2022, ensuring modern and efficient waste management. The topography and elevations of the property suggest potential for additional commercial or residential development, making it an ideal investment for those looking to expand or diversify their portfolio. With its prime location, extensive amenities, and potential for growth, this income-generating property is a rare find and a solid investment opportunity.
| LAST UPDATED | 3/1/2024 | TRACT | Lentz, Jacob G |
|---|---|---|---|
| YEAR BUILT | 1956 | COMMUNITY | Lentz, Jacob G |
| COUNTY | Bastrop | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Red Rock |
|---|---|
| Jr. High School | Cedar Creek |
| High School | Cedar Creek |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Free-Standing Electric Range, Microwave, Washer/Dryer Stacked |
| AREA | BW |
| BUYER'S BROKERAGE COMPENSATION | 3.000 |
| CONSTRUCTION | HardiPlank Type |
| HEAT | Space Heater |
| INTERIOR | See Remarks |
| LOT | 15.354 acre(s) |
| LOT DESCRIPTION | See Remarks |
| PARKING | RV Access/Parking, See Remarks |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | Lentz, Jacob G |
| TAXES | 3046.22 |
| VIEW | Yes |
| VIEW DESCRIPTION | Pasture, Trees/Woods |
| WATER | Public |
| WATERFRONT DESCRIPTION | Pond |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Kreshnik Shehu, All City Real Estate Ltd. Co
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 5/3/24 4:44 AM PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2024.