505 Hwy 290 E, Elgin, TX, 78621

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$499,000
3 Days On Site

505 Hwy 290 E
Elgin, TX 78621

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
3,352
SqFt
$149
/SqFt
1960
Built
Subdivision:
Stoval, Geo H
County:
Bastrop

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512-400-4248
505 Hwy 290 E505 Hwy 290 E505 Hwy 290 E505 Hwy 290 E
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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.

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Listing Snapshot
Price 
$499,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,352 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.258 Acres
Year Built 
1960
MLS® Number 
4924792
Status 
Active
Property Tax 
$8,801.42
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing first seen on site
3 days agoListing updated with changes from the MLS®
General Features
Acres 
0.258
Additional Property Use 
ResidentialSee Remarks
Disclosures 
Lead Base Paint Addendum
Parking 
Outside
Parking Spaces 
7
Property Sub Type 
Apartment
Sewer 
Septic Tank
SqFt Total 
3352
Utilities 
Electricity Available
Water Source 
Private
Interior Features
Cooling 
Wall/Window Unit(s)
Flooring 
CarpetSee Remarks
Heating 
See Remarks
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Exterior Features
Construction Details 
HardiPlank Type
Other Structures 
None
Community Features
Financing Terms Available 
CashConventional
Horse Allowed 
Yes
MLS Area 
EL
Listing courtesy of Sterling & Associates R.E. [email protected]


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Last checked - 2025-03-30 11:51 PM CDT

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Neighborhood & Commute
Source: Walkscore
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