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$ 4,999,000
Est. payment | /mo
19,800 SqFt
$ 4,999,000
Est. payment | /mo
19,800 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,800 sqft
Price per Sqft $252
Subdivision Synergy Centre
MLS Listing ID 6555393
Year Built 1995
Annual Tax Amount $11,819
Tax Year 2024
Lot Size 5.331 Acres
Acres 5.331
Property Sub-Type Multi Family
Source actris
Property Description
Whispering Pines Residential Community presents a rare opportunity to acquire a cash-flowing, income-producing property on ±5.33 acres with prominent frontage along State Hwy 71 in Bastrop County, Texas (outside city limits). The property is strategically located at the corner of Hwy 71 and Pine Hill Loop, offering excellent visibility, access, and proximity to residential and commercial growth near Tahitian Village and Bastrop State Park.
The site is improved with a diversified mix of housing, including a 6-plex apartment building, 10 permanent modular homes (anchored), and approximately 12 RV pads, generating consistent rental income. Tenants pay their own utilities, and the property benefits from on-site management presence. Seller reports strong in-place income with upside through rent optimization and expansion (buyer to verify).
Utilities include commercial water service through Aqua Water Supply Corporation and multiple county-permitted commercial septic systems. The land is mostly level with mature trees, no known floodplain, no surface water, and no transmission lines on site. The property is reported to be within an Opportunity Zone, potentially offering favorable tax treatment (buyer to independently verify eligibility and benefits).
With approximately 251 feet of highway frontage, the property offers future value-add and development potential, subject to approvals, including additional manufactured or tiny homes, RV pads, food trailers, and signage revenue along Hwy 71. Adjacent retail, gas, and commercial uses further enhance long-term demand and visibility.
Offered for sale AS-IS, WHERE-IS. No zoning, use, income, or development representations are made. Buyer to independently verify all information, utilities, permits, zoning, floodplain status, and development potential.
Ideal for investors seeking stabilized income with upside, or developers targeting a well-located infill tract in one of Bastrop County's fastest-growing corridors.
The site is improved with a diversified mix of housing, including a 6-plex apartment building, 10 permanent modular homes (anchored), and approximately 12 RV pads, generating consistent rental income. Tenants pay their own utilities, and the property benefits from on-site management presence. Seller reports strong in-place income with upside through rent optimization and expansion (buyer to verify).
Utilities include commercial water service through Aqua Water Supply Corporation and multiple county-permitted commercial septic systems. The land is mostly level with mature trees, no known floodplain, no surface water, and no transmission lines on site. The property is reported to be within an Opportunity Zone, potentially offering favorable tax treatment (buyer to independently verify eligibility and benefits).
With approximately 251 feet of highway frontage, the property offers future value-add and development potential, subject to approvals, including additional manufactured or tiny homes, RV pads, food trailers, and signage revenue along Hwy 71. Adjacent retail, gas, and commercial uses further enhance long-term demand and visibility.
Offered for sale AS-IS, WHERE-IS. No zoning, use, income, or development representations are made. Buyer to independently verify all information, utilities, permits, zoning, floodplain status, and development potential.
Ideal for investors seeking stabilized income with upside, or developers targeting a well-located infill tract in one of Bastrop County's fastest-growing corridors.
Location
State TX
County Bastrop
Interior
Heating Central, Varies by Unit
Cooling Central Air, Varies by Unit, Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Total Parking Spaces 40
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Special Listing Condition Standard
Listed by FULL CIRCLE RE