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
1,358 (approx)
1597338
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: Duplex, Multi-Family, 1 Story
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
Interior Features
Dishwasher, Microwave, Free-Standing Electric Range, Washer/Dryer Stacked
Laminate
Window/Wall Unit
Electric Heating,Space Heater
See Remarks
Exterior / Lot Features
RV Access/Parking, See Remarks
Fiber Cement
None
Metal
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)
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No information is available for recently sold properties within this search.