$995,000 $5,341 est/mo Sourced by Back At You

1880 Fm 20,Red Rock, TX 78662

Red Rock TX, 78662

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Description

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.

Details

MLS#1597338
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1956
Days On Site142
Listing Provided ByAll City Real Estate Ltd. Co | Kreshnik Shehu
Buying Commision3.000%

Features

SQ Feet1,358
Story(s)1
Acreage15.35
Water FrontYes
Property ViewPasture, Trees, Woods

 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of July 23, 2024 at 12:38:56 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyBastrop
CityRed Rock
Zip Code78662
AreaBW
Community NameLentz, Jacob G
School DistrictCedar Creek
Elementary SchoolRed Rock
Middle SchoolCedar Creek
High SchoolCedar Creek
Listing VS Median (in Lentz, Jacob G)
Price:
$995,000
low | high
Med:
$0
On Site:
142
low | high
Med:
Sourced by Back At You
Listing Updated: July 22, 2024 at 9:50:17 AM PDT