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3997 Fm 535, 
Red Rock, TX 78662

$399,000


3

Beds


2

Baths


1,311

Sq Ft


Single Family

Active

Listed by

Judah Ross

Venture Partners R.E.

512-940-3948

Last updated:

April 2, 2025, 02:57 PM

MLS#

3806272

Source:

ACTRIS

About This Home

3997 Fm 535

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!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1945

Price Summary

399,000

$304 per Sq. Ft.

MLS #:

3806272

Last Updated:

April 2, 2025, 02:57 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,311 Sq. Ft.


Structure

Structure

Building Area:

1,311 Sq. Ft.

Year Built:

1945


Finances & Disclosures

Finances

Price:

$399,000

Price per Sq. Ft:

$304 per Sq. Ft.

Source:ACTRIS
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.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.