374 Plum ST, Bastrop TX 78602
About This Property
2 manufactured homes (1 perfected real estate which is 2001 year and back unit is 1984) rented out with good long-term tenants. Almost 15% Cap rate (gross annual rent vs. purchase price) and 13.5% Net cap rate at this sales price 275k. I can email 2022 numbers.
Virtually all furniture/appliances/TV's convey. Tenants in place. Take ownership and enjoy with minimal effort! 0.8 acres with beautiful pine trees. Partial flood plain in back but will never, ever flood with deep ravine there (which is also wooded and pretty). Flood map is not fair representation of reality.
Only complication is septic is shared with 372 Plum St which I own also - willing to sell all 4 lots for $790k (original listing was all 4 lots hence price drop is so big), or have a written agreement to allow continued use of septic. I do have permits already for a new septic on 374 Plum St for the MH's but won't force a new buyer to do it. The option is there to invest in one though.
Features
- 2 Primary Baths
- Breakfast Bar
- Ceiling Fan(s)
- Recessed Lighting
- Washer Hookup
Location
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Schools
Property Details
Listing History
| May 9, 2023 | Off Market | ||
| Feb 1, 2023 | Price Change | $275,000 | |
| Jan 16, 2023 | Listed | $795,000 |
Frequently Asked Questions About 374 Plum ST, Bastrop TX 78602
When was 374 Plum ST, Bastrop TX 78602 built?
374 Plum ST, Bastrop TX 78602 was built in 2001.
How much does 374 Plum ST, Bastrop TX 78602 cost?
374 Plum ST, Bastrop TX 78602 sold on May 9, 2023. Contact us for sale price details.
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