tomo logo

$399,000

Beds
3
Baths
2.0
sq ft
1,311

3997 FM 535, Red Rock, TX 78662

3997 FM 535

Red Rock, TX 78662

  • 3 days on market
Incredible 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!

Details

Property type

Single Family Residence

Est. home value

$285,357

Lot size

1.447 acres

Price per sq ft

$305

Year built

1945

Annual property taxes

$3,369.15

HOA

No

Price History

02/20/2025
Austin

Austin #3806272

Listed
$399,000

Schools & Community

Elementary school: 

Red Rock

Middle school: 

Cedar Creek

High school: 

Cedar Creek

High school district: 

Bastrop ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Herman P Barton Etal

Loan start date

June 2013

Original loan amount

$62,000

Est. remaining balance

Not provided

Interest rate

2.64%

Loan type

Seller take-back, 15 year

Seller

Dewey S Barton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/24/2025 at 4:00 AM

Listing updated: 02/21/2025 at 4:08 AM

Listed by: Judah Ross, Venture Partners R.E. Phone #: (512) 940-3948

MLS: Austin #3806272

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