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17 photos
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$799,000
Est. payment /mo
15.2 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8442570
HOA Y/N No
Tax Year 2024
Lot Size 15.197 Acres
Acres 15.197
Property Sub-Type Ranch
Source actris
Property Description
Discover a unique investment opportunity sitting on 15.197 +/- acres, this versatile farm/ranch property has a strong rental income potential. This expansive tract features multiple rental dwellings and RV spaces, all serviced by a shared well with separate electric meters. With month-to-month leases in place, the property generates steady revenue, including units renting from $200 to $1,000 per month. While rental units will only be shown once under contract, prospective buyers can tour the land to appreciate its full potential. Whether you're looking to expand your rental portfolio or establish a multi-use ranch, Rental amounts included unit 1 $650, unit 5 $900, unit 6 $1000, unit 7 $850, unit 1 rent unpaid, unit 15 $700, Unit 16 $700, unit 18 $200. Conveniently located 7 miles from the Heart of downtown Elgin, 25 mi from Bastrop, 36 mi from downtown Austin, 38 mi from Austin International Airport, 24 mi from Samsung Factory in Taylor, 34 miles from the Tesla plant.
Location
State TX
County Lee
Interior
Heating See Remarks
Fireplace No
Exterior
Fence Barbed Wire, Fenced, Livestock
Utilities Available Electricity Connected, Phone Available, Propane, Sewer Connected, Water Connected
Waterfront Description None
View None
Private Pool No
Building
Lot Description Trees-Medium (20 Ft - 40 Ft), Trees-Moderate
Sewer See Remarks
Water Well
New Construction No
Schools
Elementary Schools Lexington
Middle Schools Lexington
High Schools Lexington
School District Lexington Isd
Others
Special Listing Condition Estate
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Listed by Sterling & Associates R.E.