$499,000
For Sale

505 Hwy 290 E

Elgin, TX 78621
Browse 20 photos
Type:Purchase
Structure:Condo
Zone:Commercial

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.

  • Property Details
      • Utility FeaturesElectricity Available
      • SubdivisionStoval, Geo H
      • Sewer InformationSeptic Tank
      • Property SubtypeApartment
      • Property TypePurchase
      • Original List Price$499,000
      • Utility SourcePrivate
      • CountyBastrop
      • MLS #4924792
      • MLS #4924792
      • Taxes Annual$8,801
      • Cost499000
      • Property ConditionResale
      • Acres0.258
      • Year Built1960
      • Days on Market (Cumulative)3

Location

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10.0%

Interest Rate

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6.0%

Tax Rate

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