Absolutey turnkey cash flow opportunity near Austin, TX. 10 Unit rental property on 1.65 Acres in Bastrop, TX. The property is near Lake Bastrop and has incredible demand for rentals. Of the units, 9 are studios and rent for $550-$675 per month, while the 10th unit (currently vacant and finishing construction) is a 3 bedroom with approximate rental value of $1,200 per month.
Financials are pro-forma as the current owner has invested significant time and money improving the property, including work to nearly every unit, all plumbing, septic, and electrical. New tenants have already been added.