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3997 Fm 535

Red Rock, TX 78662
  • $349,000
  • STATUS: Active
  • ID#: 3806272
UPDATED: 15 min ago
$349,000
  • 3
    BEDS
  • 1.45
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,311
    SQFT
  • $266
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1945
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Property listed by Judah Ross of Venture Partners R.E.: (512) 998-1957.

Description

Incredible Investment Opportunity Multi-Unit Property with 7.5% Cap Rate! Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand. Main Home 912 sqft, market rent $1,500/month. Tiny Home 399 sqft, currently renting for $1,100/month. RV Spot $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities. Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won't last long. Don't miss out schedule a showing today!

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© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information 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. Data last updated: 2025-12-15T18:00:50.593.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2025-12-15T18:00:50.593 (date and time MLS GRID Data was obtained). 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. Click here for MLS GRID DMCA Notice
www.armstrongpropertiestx.com/homes/160700476
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3997 Fm 535 Red Rock, TX 78662

  • Price: $349,000
  • Status: Active
  • On Site: Days
  • Updated: 15 min ago
  • ID#: 3806272
3
Beds
2
Baths
0
½ Baths
1.45
Acres
1,311
SQFT
$266
$/SQFT
1945
Built
Neighborhood:
Lentz, Jacob G
County:
Bastrop
Area:
Red Rock
Elementary School:
Red Rock
Middle School:
Cedar Creek
High School:
Cedar Creek
School District:
Bastrop ISD
Property Description
Incredible Investment Opportunity Multi-Unit Property with 7.5% Cap Rate! Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand. Main Home 912 sqft, market rent $1,500/month. Tiny Home 399 sqft, currently renting for $1,100/month. RV Spot $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities. Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won't last long. Don't miss out schedule a showing today!
Exterior Features

Attached Garage YN No Covered Spaces 0 Direction Faces North Exterior Features See Remarks Fencing Partial Foundation Details Pillar/Post/Pier Garage YN No Levels One Lot Features Public Maintained Road Other Structures Workshop Parking Features RV Access/Parking Patio And Porch Features Rear Porch Roof Shingle View Rural Waterfront Features None Waterfront YN No

Interior Features

Appliances Oven Cooling Central Air Fireplaces Total 0 Flooring Vinyl Heating Central Interior Features 2 Primary Suites Laundry Location Main Level Main Level Bedrooms 3 Num Dining 2 Num Living 2 Rooms Primary Bathroom (Main Level See Remarks) Primary Bedroom (Main Level Ceiling Fan(s)) Kitchen (Main Level Kitchn - Breakfast Area) Window Features See Remarks

Property Features

Accessibility Features See Remarks Additional Parcels YN No Association YN No Community Features See Remarks Estimated Taxes 3369.15 Fema Flood Plain No Horse YN No Listing Terms CashContractFHAUSDA LoanVA Loan New Construction YN No Pool Features None Pool Private YN No Property Condition Resale Property Sub Type Single Family Residence Sewer Septic Tank Special Listing Conditions Standard Tax Annual Amount 3369.15 Utilities Electricity ConnectedWater Connected Water Source Shared Well



© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information 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. Data last updated: 2025-12-15T18:00:50.593.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2025-12-15T18:00:50.593 (date and time MLS GRID Data was obtained). 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. Click here for MLS GRID DMCA Notice
 
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Armstrong Properties
115 West Buck
Caldwell TX, 77836
Property listed by Judah Ross of Venture Partners R.E.: (512) 998-1957.