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1880 Fm 20, Red Rock, TX 78662
$995,000
1880 Fm 20, Red Rock, TX 78662View this property at 1880 Fm 20, Red Rock, TX 78662
1880 Fm 20Red RockTX78662
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Property Description
This unique income-generating property presents an exceptional investment opportunity with historically low vacancy rates for both its RV park and duplex units. The property is strategically positioned with 450 feet of frontage on HWY 20, offering excellent visibility and accessibility.
The duplex, originally a farmhouse, has been meticulously converted and extensively renovated. One side is currently leased for $1,042.50 per month with a lease ending on July 31st, 2024. The other unit is currently utilized by the owner.
The RV park comprises eight spacious spaces and all currently leased. Each equipped with 20, 30, and 50 amp metered service, septic hookups, and metered water. Additionally, there is a separate aerobic septic system dedicated to the RV park for efficient waste management.
The property also includes a laundromat with coin-operated Maytag washer and dryer, providing an added convenience for tenants and visitors. A 40' x 60' steel barn with a 20' x 40' slab, electric, and water connections offers ample storage space, with two framed tool sheds (8' x 12' and 8' x 16') inside the barn.
The property is fenced on three sides, providing security and privacy. A new conventional septic system was installed for the duplex in 2022, ensuring modern and efficient waste management.
The topography and elevations of the property suggest potential for additional commercial or residential development, making it an ideal investment for those looking to expand or diversify their portfolio.
With its prime location, extensive amenities, and potential for growth, this income-generating property is a rare find and a solid investment opportunity.
Full Property Details
Full Property Details for 1880 FM 20
General
- Price: $995,000
- Taxes: $3,046 (2023)
- Status: Active
- Type: Duplex
- MLS ID: 1597338
- Updated: 5/25/2024
- Added to Site: 97 day(s) ago
Interior
- Interior Features: See Remarks
- Appliances: Dishwasher, Microwave, Free-Standing Electric Range, Washer/Dryer Stacked
- Flooring: Laminate
Rooms
Other Rooms
- Laundry: Common Area, In Unit, Inside
Additional Information
- Shared Amenities: Common Grounds, Laundry Facility(s), See Remarks
- Equipment: See Remarks
- Other Features: See Remarks
Exterior
- Exterior Features: See Remarks
Parking
- Parking Features: RV Access/Parking, See Remarks
Location
- Area: BW
- County: Bastrop
- Subdivision: Lentz, Jacob G
- Driving Directions: East on Highway 71, take Exit for Highway 20 South, approximately 9 miles the property will be to the right.
- Direction Faces: East
School Information
- Elem School District: Bastrop ISD
- Midd School District: Bastrop ISD
- High School District: Bastrop ISD
- Elementary School: Red Rock
- Middle School: Cedar Creek
- High School: Cedar Creek
Community
- Pet Restrictions: Negotiable
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Space Heater
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Above Ground
- Metering: See Remarks
Structural Information
- Exterior Const.: HardiPlank Type
- Foundation: Pillar/Post/Pier
- Roof: Metal
- Windows: Vinyl Windows
- Disability Access: See Remarks
- Square Feet: 1,358
- Living Area: 1,358 Sq. Ft.
- Year Built: 1956
- Property Condition: Resale
Additional Structures
- Other Structures: See Remarks
Lot Features
- Property View: Pasture, Trees/Woods
- Lot Size (Acres): 15.354
- Lot Size (Sq. Ft.): 668,820.24
- Lot Features: See Remarks
- Lot Description: See Remarks
- Fencing (Description): Cross Fenced, Perimeter
Water Features
- Water Front View: Pond
Financial Considerations
- Lot Price Per Sq. Ft.: $1.49
- Tax Amount: $3,046.22
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Leases, Survey
- Restrictions: Deed Restrictions
- Property ID: 60999
Listed by All City Real Estate Ltd. Co
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Schools
Schools serving 1880 FM 20
School District:Bastrop Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
2401 Fm 20, Red Rock, TX 78662 | PK-4 | 2.7 mi | |
151 Voss Pkwy, Cedar Creek, TX 78612 | 5-6 | 7.3 mi | |
125 Voss Pkwy, Cedar Creek, TX 78612 | 7-9 | 7.6 mi | |
793 Union Chapel Rd, Cedar Creek, TX 78612 | 9-12 | 10 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1880 FM 20
Date
Details
Price
Change
Source
5/25/2024
Price Reduced
$995,000
-13.48%
MLS
3/02/2024
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1880 FM 20
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,188
100%
$198,100
114%
2022
100%
$92,748
72%
2021
-100%
$53,829
10%
2020
$1,707
198%
$48,795
74%
2019
$573
—
$28,099
227%
2019
$573
247%
$8,591
10%
2017
$165
588%
$7,782
605%
2016
$24
-8%
$1,104
-2%
2014
$26
—
$1,129
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1880 FM 20
1880 Fm 20, Red Rock, TX 78662 (MLS# 1597338) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1880 Fm 20 is currently listed for $995,000 and was received on March 02, 2024. Want to learn more about 1880 Fm 20? Do you have questions about finding other Duplex real estate for sale in Red Rock? You can browse all Red Rock real estate or contact a Coldwell Banker agent to request more information.