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1121 Largemouth Road

Bastrop, TX 78602
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Bed 3

Bed

Bath 3

Bath

SqFt1,500

Sqft

Acres0.11

Acre(Lot)

Turnkey Investment Property | Tenants In Place | 7% Cap Rate | Newer Build (~2.5 years old) A rare turnkey opportunity in one of Central Texas's fastest-growing corridors. This Dec 2023-built, 3-bedroom, 2-bath home is fully leased with tenants in place through end of April next year (with renewal possibility). Great rental yield and low 2.1% property tax rate. Cash-flowing from day one in an unbeatable location. Location, Location, Location: Minutes from SpaceX, The Boring Company, X, and Lost Pines, with easy access to MD Anderson, Ascension Seton, and Bastrop ISD. Tesla's Gigafactory and Austin-Bergstrom International Airport are both a short drive away, placing this property at the center of one of the region's strongest growth corridors. Property Highlights: 3 bedrooms, 2 bathrooms | Open-concept living and kitchen space | Generous backyard | Dedicated 2-car parking behind the home with alley access | Quick access to local retail, dining, and short drive to Bastrop downtown The Numbers: On a full cash purchase, net rent (after property taxes, landlord's insurance, and HOA) delivers approximately a 7% cap rate — plus upside from continued area appreciation. Buyers who qualify for Real Estate Professional (REP) status may also benefit from bonus depreciation and cost segregation, given the favorable improvement-to-land value ratio on this newer build. This is a rare combination in today's market. Can easily qualify for investor or DSCR loans — we can help with lender contacts. Ideal for both first-time and seasoned investors looking for immediate cash flow backed by long-term growth fundamentals. Call the Listing Agent for full cash flow projections, financials, and to schedule a private showing. Please verify all information and complete your own due diligence. Please do not visit the property directly or disturb tenants. Serious buyers, please call/text listing agent to schedule a showing.

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Detail Ic Property Details

Property Type : Residential

Price : $245,000

AD Id : 87920844

MLS Id : 5952680

Beds : 3

Lot Size : 0.11 Acre

Living Area Size : 1,500

Year Built : 2023

County : Bastrop

Subdivision: Bastrop Grove

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1

    Roofing Information

    Composition

    Flooring Information

    Carpet, Vinyl
  • Interior Features

    OpenFloorplan
    Roof: Composition
    Appliances: Dishwasher, Microwave
    Laundry Features: LaundryCloset
  • Heating & Cooling

    Heating: Central Has Cooling: Yes

  • Building Information

    Year Built: 2023
    Construction Materials: HardiplankType
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: None
    View: ParkGreenbelt, Neighborhood
    Association Fee Frequency: Monthly
  • Exterior Features

    Exterior Features: PrivateYard

  • Lot Information

    Main Square Feet: 0.11 Lot Size Acres: 0.11 Lot Description: BackYard,FrontYard,SprinklersInFront,SprinklersOnSide

    Property Information

    Subdivision: Bastrop Grove Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: North Levels: Two Property Age: 3

  • Listing Price Information

    Listing Price: $245000
    Cash, Conventional

  • Tax Information

    Parcel Number: 1121 Largemouth Ln Tax Lot: 22 Tax Block: P Tax Year: 2026 Annual Tax: $4406.76 Tax Legal Desc: SEC 2 BLK P LOT 22

  • Parking Information

    Driveway

    Homeowners Association Information

    Has Association: Yes
    Included Fees: CommonAreaMaintenance
    HOA: $60.00
    Community Features: CommunityMailbox, Playground

  • School Information

    Elementary School: Mina Junior High School: Bastrop Senior High School: Bastrop
  • Utility Information

    ElectricityAvailable, SewerConnected, WaterAvailable
  • Location Information

    Direction: From TX-71, turn South on Hwy 304.Turn Left on Greenleaf Fisk at Hunter's Crossing. Turn left on Bass Dr. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD LOT 20C County Rd, Bastrop, TX, 78602 $135,000 -- -- --
165 Cattlemens Drive, Bastrop, TX, 78602 $549,999 3 2 1,484 1,484 SqFt
118 Saddle Court, Bastrop, TX, 78602 $825,000 5 3 2,753 2,753 SqFt
258 County Road, Bastrop, TX, 78602 $595,000 5 3 2,604 2,604 SqFt
107 Longhorn Drive, Bastrop, TX, 78602 $475,000 2 2 966 966 SqFt
959 Highway 21 Highway, Bastrop, TX, 78602 $599,000 3 2 1,500 1,500 SqFt
134 High Timbers Road, Bastrop, TX, 78602 $285,000 2 2 1,343 1,343 SqFt
134 High Timbers Rd, Bastrop, TX, 78602 $285,000 2 2 1,343 1,343 SqFt
134 High Timbers Road, Bastrop, TX, 78602 $285,000 2 2 1,343 1,343 SqFt
176 Cassel Way, Bastrop, TX, 78602 $899,900 3 2 2,087 2,087 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/19/2026 @ 02:37

MLS: 5952680 LISTED BY: Kasi Alagappan, All City Real Estate Ltd. Co 866-277-6005 SOURCE: ACTRIS

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