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Courtesy: All City Real Estate Ltd. Co, (512) 412-2331
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1880 Farm to market Rd 20,  Red Rock TX, 78662

(Active)
$1,150,000
|
2 beds, 2 Full baths, 1,358 sqft
|
MLS# 6653358

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Last Updated: 5/6/2024 4:50 PM
Description for 1880 Farm to market Rd 20 Red Rock, TX 78662
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.
Price
$1,150,000
Lentz, Jacob G
Bastrop
2
2 Full
1,358 (approx)
6653358
Active
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.
Listing Information
Property Type: Single Family, 1 Story
2 2 Full
15.35 Acres 1,358 (approx) 1956
1 Fiber cement
Lentz, Jacob G
Pillar/Post/Pier
Public
Septic Tank
Neighborhood
School Information
Red Rock Cedar Creek Cedar Creek
Room Information
Bathrooms
2
Interior Features
Dishwasher, Microwave, Free-Standing Electric Range, Washer/Dryer Stacked
Laminate
Window/Wall Unit
Electric Heating, Space Heater
See Remarks
Exterior / Lot Features
8 Parking Spaces, RV Access/Parking, See Remarks
Fiber Cement
None
Metal
Private
Trees/Woods, Pasture
See Remarks
Driving Directions
East on Highway 71, take Exit for Highway 20 South, approximately 9 miles the property will be to the right.
Financial Considerations
60999.
$3,046
Cash, Conventional
Listing Price History

Red Rock Real Estate

Red Rock is located in Texas. Red Rock, Texas 78662 has a population of 312.

The median household income in Red Rock, Texas 78662 is $56,818. The median household income for the surrounding county is $69,996 compared to the national median of $66,222. The median age of people living in Red Rock 78662 is 40 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
3/8/2024 Active $1,150,000  USD  MLS info
Courtesy: All City Real Estate Ltd. Co, (512) 412-2331
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS
This content last refreshed on 5/6/2024 4:50 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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