3997 Fm 535
Red Rock, TX 78662
1311 sqft | 3 beds | 2 baths | 1.45 acres | #3806272
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!
Property Details
- Utility FeaturesElectricity Connected, Water Connected
- InteriorMultiplePrimarySuites
- Property SubtypeSingleFamilyResidence
- FoundationPillar Post Pier
- SubdivisionLentz, Jacob G
- Sewer InformationSeptic Tank
- Utility SourceShared Well
- School DistrictBastrop ISD
- Middle SchoolCedar Creek
- High SchoolCedar Creek
- Property TypePurchase
- Elementary SchoolRed Rock
- Original List Price$399,000
- CountyBastrop
- MLS #3806272
- MLS #3806272
- Taxes Annual$3,369
- Cost399000
- Property ConditionResale
- ViewRural
- Acres1.447
- Square Feet1311
- Year Built1945
- Days on Market (Cumulative)11
- Bedrooms3
- Bathrooms2
- Full Baths2
Location
Legal
Based on information submitted to the MLS GRID as of 2025-02-21 10:02:13 UTC. 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.
The 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. Based on information from the Austin Board of REALTORS®. 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.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Judah Ross (#768074), Phone: (512) 998-1957
Listing Office: Venture Partners R.E. (#704575)
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