TX > Elgin > Stoval, Geo H
Elgin, TX 78621,505 Hwy 290 E
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Elgin, TX 78621,505 Hwy 290 E
Elgin, TX 78621,505 Hwy 290 E
Elgin, TX 78621,505 Hwy 290 E
Elgin, TX 78621,505 Hwy 290 E
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DeeDee Nutt

DeeDee Nutt

+1(512) 731-5083
$ 499,000
Est. payment /mo
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Active

505 Hwy 290 E Elgin, TX 78621

3,352 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,352 sqft

Price per Sqft $148

Subdivision Stoval, Geo H

MLS Listing ID 4924792

Originating Board actris

Year Built 1960

Annual Tax Amount $8,801

Tax Year 2024

Lot Size 0.258 Acres

Acres 0.258

Property Sub-Type Apartment

Property 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.

Location

State TX

County Bastrop

Interior

Heating See Remarks

Cooling Wall/Window Unit(s)

Flooring Carpet, See Remarks

Fireplace N

Exterior

Utilities Available Electricity Available

Accessibility None

Total Parking Spaces 7

Building

Sewer Septic Tank

Water Private

Structure Type HardiPlank Type

New Construction No

Others

Restrictions See Remarks

Acceptable Financing Cash, Conventional

Tax Rate 1.827

Listing Terms Cash, Conventional

Special Listing Condition Estate

Listed by Sterling & Associates R.E. • Cecilia Whitley
agent

DeeDee Nutt

Advisor | License ID: 812858

+1(512) 731-5083

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505 Hwy 290 E