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- LoopNet Team
828 Highway 71 E
Bastrop, TX 78602
6 Plex, Mobile Home & RV Site · Multifamily Property For Sale
·
1,000 SF
Investment Highlights
- Hwy 71 frontage
- Lots of potential
- Bastrop is BOOMING!
Property Facts
| No. Units | 28 | Lot Size | 5.33 AC |
| Property Type | Multifamily | Building Size | 1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1995 |
| Zoning | B2 - None, in ETJ | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.33 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1995 |
| Zoning | B2 - None, in ETJ |
About 828 HIGHWAY 71 E , BASTROP, TX 78602
Seller will finance $1M at 10% interest for 5 years with a full price offer. Seller will accept $3.5M with a fast closing. Welcome to this incredible investment opportunity! Located on 5.33 acres, this property offers a unique blend of an RV park, mobile home park, and a huge brick house turned into a six plex. Located right on Highway 71, it enjoys excellent visibility and accessibility for potential tenants and visitors. Situated just outside the city limits but within the Extraterritorial Jurisdiction (ETJ), this property offers a perfect balance between tranquility and convenience. The thriving city of Bastrop, with its growing development and amenities, is just down the road away, ensuring that residents can enjoy the best of both worlds. One of the highlights of this property is the inclusion of 10 permanently attached mobile homes, 12 RVs included, with only one currently tenant-owned, and the six-plex, providing a steady stream of rental income, ranging from $400 to $1695 a month. With taxes and insurance amounting to a reasonable $4,075, this property presents a financially attractive opportunity. Net income is around $285,000 a year, with opportunities to rent out the billboards on the property. Note: 2 tenants are not charged rent in exchange for maintenance. The tenants are responsible for paying their own utilities, reducing the burden on the owner and ensuring a consistent cash flow. The property boasts engineered septics, ensuring efficient waste management and reducing maintenance costs. Detailed documents regarding the septic systems are available for review. The maintained grounds of this property further enhance its appeal. Whether you're an experienced real estate investor or seeking a new venture, this property provides an ideal opportunity. Don't miss out on this unique chance to own a profitable and versatile real estate gem. You may drive by to view the location of the property but please do not disturb tenants. Private showings available by appointment. Contact for more details and video.
Property Taxes
| Parcel Number | 76458 | Improvements Assessment | $169,516 |
| Land Assessment | $583,002 | Total Assessment | $752,518 |
Property Taxes
