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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!
| LAST UPDATED | 2/20/2025 | TRACT | Lentz, Jacob G |
|---|---|---|---|
| YEAR BUILT | 1945 | COMMUNITY | Lentz, Jacob G |
| COUNTY | Bastrop | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Red Rock |
|---|---|
| Jr. High School | Cedar Creek |
| High School | Cedar Creek |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Oven |
| AREA | BA |
| CONSTRUCTION | HardiPlank Type |
| HEAT | Central |
| LOT | 1.447 acre(s) |
| PARKING | RV Access/Parking |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | Lentz, Jacob G |
| TAXES | 3369.15 |
| UTILITIES | Electricity Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Rural |
| WATER | Shared Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Property listed by Judah Ross, Venture Partners R.E.
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 2/22/25 8:56 AM PST. 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 2025.