1121 Largemouth Rd, Bastrop, TX 78602
- $245,000
- 3
- BD
- 3
- BA
- 1,500
- SqFt
- List Price
- $245,000
- Status
- ACTIVE
- Days on Market
- 23
- Price Change
- ▼ $9,000 1784280069
- MLS#
- 5952680
- Subtype
- Residential
- Year Built
- 2023
- Bedrooms
- 3
- Bathrooms
- 3
- Full Baths
- 2
- Half Baths
- 1
- Living Area
- 1,500
- Lot Size
- 4,791
- Acres
- 0.11
- Subdivision
- Bastrop Grove
- Neighborhood
- Bastrop Grove
- MLS Area Major
- Bastrop/Smithville, Burnet/Llano, Caldwell/Fayette
Property Description
Turnkey Investment Property | Tenants In Place | 7% Cap Rate | Newer Build (~2.5 years old) A rare turnkey opportunity in one of Central Texas's fastest-growing corridors. This Dec 2023-built, 3-bedroom, 2-bath home is fully leased with tenants in place through end of April next year (with renewal possibility). Great rental yield and low 2.1% property tax rate. Cash-flowing from day one in an unbeatable location. Location, Location, Location: Minutes from SpaceX, The Boring Company, X, and Lost Pines, with easy access to MD Anderson, Ascension Seton, and Bastrop ISD. Tesla's Gigafactory and Austin-Bergstrom International Airport are both a short drive away, placing this property at the center of one of the region's strongest growth corridors. Property Highlights: 3 bedrooms, 2 bathrooms | Open-concept living and kitchen space | Generous backyard | Dedicated 2-car parking behind the home with alley access | Quick access to local retail, dining, and short drive to Bastrop downtown The Numbers: On a full cash purchase, net rent (after property taxes, landlord's insurance, and HOA) delivers approximately a 7% cap rate — plus upside from continued area appreciation. Buyers who qualify for Real Estate Professional (REP) status may also benefit from bonus depreciation and cost segregation, given the favorable improvement-to-land value ratio on this newer build. This is a rare combination in today's market. Can easily qualify for investor or DSCR loans — we can help with lender contacts. Ideal for both first-time and seasoned investors looking for immediate cash flow backed by long-term growth fundamentals. Call the Listing Agent for full cash flow projections, financials, and to schedule a private showing. Please verify all information and complete your own due diligence. Please do not visit the property directly or disturb tenants. Serious buyers, please call/text listing agent to schedule a showing.
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Additional Information
- Amenities
- Open Floorplan
- Interior Features
- Open Floorplan
- Exterior Features
- Private Yard
- Taxes
- $4,406
- HOA Frequency
- Monthly
- HOA Includes
- Common Area Maintenance
- Appliances
- Dishwasher, Microwave
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- HardiPlank Type
- Stories
- 2
- Levels
- Two
- Roof
- Composition
- School District
- Bastrop ISD
- Elementary School
- Mina
- Middle School
- Bastrop
- High School
- Bastrop
- View
- Greenbelt
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Listing courtesy of All City Real Estate Ltd. Co. Contact: (858) 729-4938
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