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.
Property Type :
Residential Income
Subdivision :
Lentz, Jacob G
County :
Bastrop
Style :
Residential Income
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ByOwner last updated this listing 04/27/2024 @ 11:12
MLS: 1597338
LISTED BY: Kreshnik Shehu, All City Real Estate Ltd. Co
SOURCE: ACTRIS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
