REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 499,000
Est. payment /mo
New
505 Hwy 290 E Elgin, TX 78621
3,352 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,352 sqft
Price per Sqft $148
Subdivision Stoval, Geo H
MLS Listing ID 4924792
Originating Board actris
Year Built 1960
Annual Tax Amount $8,801
Tax Year 2024
Lot Size 0.258 Acres
Acres 0.258
Property Sub-Type Apartment
Property Description
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.
Location
State TX
County Bastrop
Interior
Heating See Remarks
Cooling Wall/Window Unit(s)
Flooring Carpet, See Remarks
Fireplace No
Exterior
Utilities Available Electricity Available
Total Parking Spaces 7
Building
Sewer Septic Tank
Water Private
Structure Type HardiPlank Type
New Construction No
Others
Special Listing Condition Estate
Listed by Sterling & Associates R.E.