Property 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.

Features
: Space Heater
: Wall/window Unit(s)
: Cross Fenced, Perimeter
: Trees/woods, Pasture
: See Remarks
: Dishwasher, Microwave, Washer/dryer Stacked, Free-standing Electric Range
: Common Grounds, See Remarks, Laundry Facility(s)
: See Remarks
0
: Laminate
0
: Primary Bedroom On Main, See Remarks
: See Remarks
: See Remarks, Rv Access/parking
: Metal
: Septic Tank
: Above Ground
: Pond
Address Map
US
TX
Bastrop
Red Rock
78662
1880 Farm to market Rd 20, Red Rock TX 78662
0
W98° 33' 43.4''
N29° 59' 45.3''
East
East on Highway 71, take Exit for Highway 20 South, approximately 9 miles the property will be to the right.
Lentz, Jacob G
MLS Addon
All City Real Estate Ltd. Co
Kreshnik Shehu
: Hardiplank Type
Red Rock
: Pillar/post/pier
Cedar Creek
: One
641362
8137
Cedar Creek
1
: See Remarks
: Standard
$3,046
: Public
Bastrop ISD
Bastrop ISD
Bastrop ISD

Residential For Sale

1880 Farm to market Rd 20, Red Rock TX 78662, Red Rock, Texas 78662

2 Bedrooms
2 Bathrooms
1,358 Sqft
$1,150,000
Listing ID #6653358
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 6653358
Price : $1,150,000
Bedrooms : 2
Bathrooms : 2
Square Footage : 1,358 Sqft
Year Built : 1956
Lot Area : 668,820 Sqft
Bathrooms Total : 2
Status : Active
Property SubType : See Remarks