Elgin, TX 78621 505 Hwy 290 E
$499,000



15 more
















Presented By: Sterling & Associates R.E.;
Home Details
This prime 0.258-acre property with Highway 290 frontage offers unbeatable location and is move-in ready! Perfect for investors, this property features 5 units— lots of potential you could live in one unit and rent out the other 4 or rent all 5 units—providing excellent income potential. The upstairs west unit has previously rented for $1,200, while the other 4 units could bring in $700 each. Please note, the pool conveys and the functionality of the pool is unknown. The property is being sold "As Is," and the condition is perfect for someone looking to maximize rental income. Don't miss out on this fantastic opportunity! Conveniently located less than a mile from the Heart of downtown Elgin, 18 mi from Bastrop, 25 mi from downtown Austin, 28 mi from Austin International Airport, 17.5 mi from Samsung Factory in Taylor, 23.6 miles from the Tesla plant.
Presented By: Sterling & Associates R.E.;
Interior Features for 505 Hwy 290 E
Bedrooms
Total Bedrooms
Bathrooms
Total Baths
Other Interior Features
FlooringCarpet, See Remarks
General for 505 Hwy 290 E
AccessibilityNone
Additional Parcels Y/NNo
Building FeaturesLiving Area, Private Restrooms, See Remarks
CityElgin
Construction MaterialsHardiPlank Type
CoolingWall/Window Unit(s)
CountyBastrop
Current UseResidential, See Remarks
DirectionsFrom Austin take Hwy 290 to Elgin. Property will be on right side of Hwy 290 past HWY 95
DisclosuresLead Base Paint Addendum
Energy EfficientNone
Green SustainabilityNone
HeatingSee Remarks
Leasable Area3352
Lease TypeNone
Lot Size Square Feet11238.48
MLS AreaEL
New ConstructionNo
Operating Expense0
Other StructuresNone
Property ConditionResale
Property SubtypeApartment
Property TypeCommercial Sale
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameStoval, Geo H
Tax Annual Amount8801.42
Tax Assessed Value481623
Tax Year2024
UtilitiesElectricity Available
Waterfront Y/NNo
Year Built1960
Year Built SourcePublic Records
Exterior for 505 Hwy 290 E
Building Area Total3352
Horse Y/NNo
Lot Size Acres0.258
Number of Buildings5
Other EquipmentNone
Parking FeaturesOutside
Total Parking7
Water SourcePrivate
Additional Details
Price History

Sun Lee
Realtor®, MRP/SRES/ABR