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3997 Fm 535, Red Rock, Texas 78662 For Sale

1,311 Sqft - 3997 Fm 535, Red Rock, Texas 78662

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Property 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!

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : ACT3806272
Price : $399,000
Bedrooms : 3
Bathrooms : 2
Square Footage : 1,311 Sqft
Year Built : 1945
Lot Size : 63,031.30 Sqft
Property Sub Type : Single Family Residence
Standard Status : Active
Features
Heating System : Central
Cooling System : Central Air
Fence : Partial
View : Rural
Security : See Remarks
Patio : Rear Porch
Roof Deck : Shingle
Parking : 8
Appliances : Oven
Association Fee : $0
Construction Materials : Hardiplank Type
Exterior Features : See Remarks
Flooring : Vinyl
Foundation : Pillar/post/pier
Interior Features : Two Primary Suties
Levels : One
Lot Features : Public Maintained Road
Parking Features : Rv Access/parking
Sewer : Septic Tank
Utilities : Electricity Connected, Water Connected
Address Map
Country : US
State : TX
County : Bastrop
City : Red Rock
Zipcode : 78662
Street : Fm 535
Street Number : 3997
Longitude : W98° 34' 13.4''
Latitude : N29° 59' 34.4''
Directions : From 71, take Hwy 20 south to 535. Make a left on 535, proceed 0.8 miles, property will be on the right.
Area : BA
MLS Addon
Office Name : Venture Partners R.E.
Listing Agent Name : Judah Ross
Front-Facing Direction : North
Elementary School : Red Rock
High School : Cedar Creek
List Agent MLSID : ACT768074
List Office MLSID : ACT704575
Middle School : Cedar Creek
MLS Status : Active
Parcel Number : 26606
Subdivision Name : Lentz, Jacob G
Tax Amount (Annual) : $3,369
TaxMapNumber : A229 LENTZ, JACOB G., ACR
TaxLegalDescription : A229 LENTZ, JACOB G., ACRES 1.4470
TaxYear : 2024
ACT_EstimatedTaxes : $3,369
TaxAssessedValue : $217,339
ACT_TaxFilledSqftTotal : 912 Sqft
OriginalListPrice : $399,000
PreviousListPrice : $0
CommunityFeatures : See Remarks
SpecialListingConditions : Standard
Importer Addon
Close Prc : $0
C$/SqFt : $0
$SqFt : $0
Residential For Sale
  • Listing ID : ACT3806272
  • Bedrooms : 3
  • Bathrooms : 2
  • Square Footage : 1,311 Sqft
$399,000
Agent info
Stacy Caprio
Ready Real Estate
Austin, TX
Contact Agent