$499,000
For Sale

505 E Highway 290

Elgin, TX 78621
3352 sqft | 5 beds | 5 baths | 0.26 acres | #9246435
Browse 15 photos
Type:Purchase
Structure:House
Zone:Residential

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 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.

  • Property Details
      • Utility FeaturesElectricity Available
      • Property SubtypeSingleFamilyResidence
      • Elementary SchoolBooker T Washington
      • InteriorInterior Steps
      • Sewer InformationSeptic Tank
      • School DistrictElgin ISD
      • Property TypePurchase
      • Original List Price$499,000
      • Utility SourcePrivate
      • CountyBastrop
      • MLS #9246435
      • MLS #9246435
      • SubdivisionStoval
      • Cost499000
      • Property ConditionResale
      • Lot DescriptionLevel
      • Acres0.258
      • Middle SchoolElgin
      • High SchoolElgin
      • Square Feet3352
      • Year Built1960
      • FoundationSlab
      • Bedrooms5
      • Bathrooms5
      • Full Baths5
      • Pool1
      • Days on Market (Cumulative)5

Location

4 Agents Online Now
OR

Metrics in Elgin

Here are the latest metrics for this city.

Each data point represents stats collected from a 30-day period ending on that day.

Interested in Purchasing 505 E Highway 290?

Get an estimate on monthly payments on this property.

$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Nearby Listings in 78621