303 Bob's TRL, Bastrop, TX 78602
- 5 beds |
- 5 baths |
- 4,400 sqft
Single-Family Home
Built in 2019
100acre lot
—— car garage
$1,023/sqft
Listed 1 day ago
Property Description
Income-Producing Ranch Portfolio in Bastrop, Texas! This 25-acre, income-producing property offers a rare chance to acquire a turnkey, income-producing portfolio in one of Central Texas’s fastest-growing markets. The property combines residential rental income, and land value growth in a location just minutes from downtown Bastrop and an easy drive to Austin. The portfolio includes 12 rental-ready homes to include: a barn, a 4,000 sq ft main residence (estimated rent $3,500/month), a guest cabin ($1,500/month), 10 newly built 2–3 bedroom homes projected to lease for $2,200–$2,600/month; each features quality finishes, stainless steel appliances, wood cabinetry, quartz counters, and covered porches. With market demand strong in Bastrop, the projected gross rental income is $360,000 annually. Purchase flexibility further enhances the opportunity. Options include acquiring the full 221-acre portfolio with hay operation ($6.6M, projected NOI ~$408,000 at a 6.18% cap), this rental portfolio on 25 acres ($3.99M, projected NOI ~$288,000 at a 7.22% cap), or alternative splits of 100 acres with structures, 121 acres land only, or 196 acres land only. With immediate leasing potential, reliable agricultural revenue, and multiple exit strategies, this property stands out as both a working ranch and an investment vehicle. For investors seeking steady cash flow with upside appreciation in a thriving corridor, 303 Bobs Trail delivers on every level. *Contact agent for appointment, 512-797-7674*
- Listing Status:
- Active
- Listing Office:
- MCLANE REALTY, LLC : (512) 809-5447
- Listing Agent:
- Angel Chancellor : (512) 797-7674
- MLS ID:
- 5727921
- General: Two Primary BathsTwo Primary SutiesBreakfast BarHigh CeilingsGranite CountersCrown MoldingDouble VanityEntrance FoyerHigh Speed InternetInterior StepsMultiple Living AreasOpen FloorplanPrimary Bedroom on MainRecessed LightingSoaking TubWalk-In Closet(s)
- Appliances: Built-In Electric OvenBuilt-In Oven(s)DishwasherElectric CooktopFree-Standing FreezerMicrowaveFree-Standing Electric RangeFree-Standing RefrigeratorWasher/DryerElectric Water HeaterWater Softener Owned
- Laundry: Laundry RoomMain Level
- Flooring: CarpetTile
- A/C: Ceiling Fan(s)Central AirElectric
- Heating: CentralElectric
- Fireplace: Fireplaces: 0
- Eco/Green Feature: NoneNone
This listing courtesy of Angel Chancellor, MCLANE REALTY, LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Colony Oaks Elementary School
, Bastrop, TX, 78602
Grades PK-5
2.92 miles away
Bastrop Middle School
725 Old Austin Hwy, Bastrop, TX, 78602
Grades 7-8
3.70 miles away
Bastrop High School
1614 Chambers St, Bastrop, TX, 78602
Grades 9-12
5.32 miles away