Red Rock, TX 78662 3997 Fm 535
$399,000
21 more
Presented By: Venture Partners R.E.;
Beds • 3
Baths • 2
SQFT • 1,311
Home Details
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!
Presented By: Venture Partners R.E.;
Interior Features for 3997 Fm 535
Bedrooms
Main Level Bedrooms3
Total Bedrooms3
Bathrooms
Half Baths0
Total Baths2
Other Interior Features
LivingAreaSourcePublic Records
FlooringVinyl
Interior AmenitiesTwo Primary Suties
Total Fireplaces
Window FeaturesSee Remarks
General for 3997 Fm 535
AccessibilitySee Remarks
Additional Parcels Y/NNo
AppliancesOven
CityRed Rock
Community FeaturesSee Remarks
Construction MaterialsHardiPlank Type
CoolingCentral Air
CountyBastrop
DirectionsFrom 71, take Hwy 20 south to 535. Make a left on 535, proceed 0.8 miles, property will be on the right.
DisclosuresSee Remarks
Elementary SchoolRed Rock
Energy EfficientNone
Facing DirectionNorth
Full Baths2
Garage Spaces
Green SustainabilitySee Remarks
HOANo
HeatingCentral
High SchoolCedar Creek
LevelsOne
Lot Size Square Feet63031.32
MLS AreaBA
Middle/Junior High SchoolCedar Creek
New ConstructionNo
Other StructuresWorkshop
Patio/Porch FeaturesRear Porch
Pool FeaturesNone
Property ConditionResale
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Security FeaturesSee Remarks
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameLentz, Jacob G
Tax Annual Amount3369.15
Tax Assessed Value217339
Tax Year2024
UtilitiesElectricity Connected, Water Connected
ViewRural
Waterfront FeaturesNone
Waterfront Y/NNo
Year Built1945
Year Built SourcePublic Records
Exterior for 3997 Fm 535
Covered Spaces
Exterior AmenitiesSee Remarks
FencingPartial
Foundation DetailsPillar/Post/Pier
Horse Amenities None
Horse Y/NNo
Lot FeaturesPublic Maintained Road
Lot Size Acres1.447
Parking FeaturesRV Access/Parking
Total Parking8
Water SourceShared Well
Additional Details
Price History
Schools
High School
Cedar Creek High School
Middle School
Cedar Creek Middle School
Elementary School
Red Rock Elementary School
Travis Westover
Austin Realtor