1880 Farm To Market Rd 20

Red Rock, TX 78662

For Sale $1,150,000

Listed 71 days ago for $1,150,000
  • Status: Active
  • County: Bastrop
  • School District: Bastrop ISD
  • Subdivision: Lentz, Jacob G
  • Beds: 2
  • Bathrooms: 2
  • Half Bathrooms: 0
  • SqFt: 1,358
  • $/SqFt: 846.83
  • Lot Size: 15.354 acres
  • Levels: One
  • Built: 1956
  • Est. Taxes: $8182.46
  • Association/HOA : No
  • Waterfront: No
  • Private Pool:Yes
  • Heating: Space Heater
  • Cooling: Wall/Window Unit(s)
  • Interior Features: Primary Bedroom on Main, See Remarks
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.

Construction Materials
HardiPlank Type
Roof
Metal
Exterior Features
See Remarks
Green Energy Efficiency
None
Pool
Lot Features
See Remarks
Patio and Porch Features
None
Waterfront Features
Pond
Appliances
Dishwasher, Microwave, Free-Standing Electric Range, Washer/Dryer Stacked
Parking
Parking Spaces 8
Garage Spaces None
Parking Features RV Access/Parking, See Remarks
Community Features
Common Grounds, Laundry Facility(s), See Remarks
Listing ID
6653358
Sub Agency Compensation
3%
Buyer Agency Compensation
3%
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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