$975,000
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5,560 SqFt
SOLD DATE : 10/04/2023
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,560 sqft
Price per Sqft $146
Subdivision Fm 969 Ranchettes
MLS Listing ID 9814364
Sold Date 10/04/23
HOA Y/N No
Year Built 2014
Annual Tax Amount $14,103
Tax Year 2022
Lot Size 6.229 Acres
Acres 6.229
Lot Dimensions 335x811
Property Sub-Type Quadruplex
Source actris
Property Description
This quadraplex built in 2014 has four 3/2 units, each 1,200 sq ft, with additional space between the two downstairs units. (The manufactured will be removed prior to closing.) Currently multi-generational living, with some painting and polishing this could be an exceptional rental property. Estimating a 7% cap rate with $79,200 annual rent. Plus, while sitting on over 6 acres, there is plenty of room for more development. 12 minutes from Bastrop, 18 from Elgin, 37 minutes to Austin, and 26 minutes to the airport, this is an excellent central location for all the development happening east of Austin. On well and septic. No deed restrictions.
Location
State TX
County Bastrop
Area Ba
Interior
Interior Features See Remarks
Heating Central, Zoned
Cooling Central Air, Zoned
Flooring Carpet, Tile, Vinyl
Fireplace Y
Appliance Gas Range
Exterior
Exterior Feature No Exterior Steps, See Remarks
Fence Fenced, Wire
Community Features See Remarks
Utilities Available Electricity Connected, Natural Gas Connected, See Remarks
View Panoramic
Roof Type Composition
Accessibility None
Porch None
Building
Lot Description See Remarks
Faces North
Foundation Slab, See Remarks
Sewer Shared Septic
Water Well
Level or Stories Two
Structure Type Adobe,HardiPlank Type
New Construction No
Schools
Elementary Schools Bluebonnet (Bastrop Isd)
Middle Schools Cedar Creek Intermediate
High Schools Cedar Creek
School District Bastrop Isd
Others
Pets Allowed All
Restrictions See Remarks
Acceptable Financing Cash, Conventional, VA Loan
Tax Rate 1.7402
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition Standard
Pets Allowed All
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Bought with Republic Commercial Land & Bro