15.20 acres | #8442570
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.
Property Details
- Utility FeaturesElectricity Connected, Propane, Phone Available, Sewer Connected, Water Connected
- Lot DescriptionModerate Trees, Trees Medium Size
- School DistrictLexington ISD
- Elementary SchoolLexington
- Middle SchoolLexington
- High SchoolLexington
- Property TypePurchase
- Original List Price$799,000
- MLS #8442570
- MLS #8442570
- Acres15.197
- Cost799000
- Property SubtypeRanch
- Utility SourceWell
- CountyLee
- Pool1
- Days on Market (Cumulative)2
Location
Legal
Based on information submitted to the MLS GRID as of 2025-03-28 21:24:26 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Cecilia Whitley (#678862), Phone: (512) 281-3336
Listing Office: Sterling & Associates R.E. (#700695)
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