Status: Active
3997 FM 535
Red Rock, TX 78662
5% Drop
$399,000
$379,000
------/mo*
CalculateIncredible Investment Opportunity – Multi-Unit Property with 7.5% Cap Rate!
Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand.
Main Home – 912 sqft, market rent $1,500/month. Tiny Home – 399 sqft, currently renting for $1,100/month. RV Spot – $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities.
Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won’t last long. Don’t miss out – schedule a showing today!
Read more
- Bedrooms
- 3
- Baths
- 2
- House Size
- 1,311 sqft
- Year Built
- 1945
- Lot Size
- 1.45 ac
- School District
- Bastrop ISD
Location
Market Insights
In the last 30 days, homes for sale in 78602, Bastrop, TX were on the market for a median of 47.5 days and 0% of homes sold above list price.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
Get StartedInterior Information
- appliances
- Oven
- cooling
- Central Air
- flooring
- Vinyl
- heating
- Central
- laundry features
- Main Level
- view
- Rural
Exterior Information
- fence
- Partial
- patio and porch
- Rear Porch
- pool
- None
- roof
- Shingle
Property Information
- construction
- Hardiplank Type
- foundation
- Pillar/post/pier
- other structures
- Workshop
- parking
- Rv Access/parking
- security features
- See Remarks
- sewer
- Septic Tank
- subdivision name
- Lentz, Jacob G
- utilities
- Electricity Connected
- Water Connected
- water source
- Shared Well
- Listed By Judah Ross
- (512) 998-1957
- Venture Partners R.E.
- (512) 940-3948
- mark@venturepartnersre.com
- MLS 3806272
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $3,271 (-16%) | $138,232 | $79,107 | $217,339 (-2.8%) |
| 2022 | $3,893 (0%) | $138,232 | $85,468 | $223,700 (+53%) |
| 2021 | $3,893 | $82,653 | $63,580 | $146,233 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$2,469
30 year fixed·6.9% interest rate
- Principal & Interest
- $1,997
- Property Taxes
- $273
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
