374 Plum ST, Bastrop TX 78602

Bastrop, TX 78602 | Lake Bastrop Estates Un

0 Beds
Baths
2,000 Sq Ft
0.89 Acres
2001 Built

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

Schools

School District Bastrop ISD
Elementary Lost Pines
Middle School Bastrop
High School Bastrop

Property Details

Property Type Residential Income
Flooring Vinyl
Cooling Central Air, Wall/Window Unit(s)
Heating Electric, Propane
Exterior Uncovered Courtyard, Lighting
County Bastrop
MLS # 3948600

Listing History

MLS# 3948600 24 days
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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