828 Highway 71 Bastrop, TX 78602
- Multifamily properties
- 19,800 SF
- 5.33 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 828 Highway 71
- Year built
- 1995
- Lot size
- 5.33 lot acres
- Property size
- 19,800 SF
- Property type
- Multifamily properties
Description
This exceptional 5.33-acre commercial property, situated directly on Highway 71 East in Bastrop, Texas, presents a compelling investment opportunity. The property boasts a prime location just outside the city limits, ensuring high visibility and accessibility. The existing structures include a six-plex apartment building, ten anchored modular homes, ten recreational vehicles (RVs), and three additional RV spaces, generating consistent rental income. Tenants are responsible for their own utility expenses, billed monthly, simplifying management. On-site maintenance is efficiently handled by a resident couple in exchange for rent, utilities, and a monthly stipend. The property's strategic location near established commercial developments, gas stations, and retail businesses guarantees a steady stream of traffic. This high traffic count presents significant potential for supplemental income through billboard advertising and food truck rentals. Current rental rates are below market value, allowing for a substantial 15-20% increase in rental income. The 19,800 square foot property offers significant growth potential, capitalizing on Bastrop's rapid development and increasing demand for commercial space. Please note that tenants should not be disturbed. Detailed financial information and property specifics are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bastrop
- County
- Bastrop
- State
- Texas
- Longitude
- -97.26212
- Latitude
- 30.09322
