20700 Bonanza

Lago Vista, TX 78645

20700 Bonanza

  • Lago Vista, TX 78645
  • Lago Vista Travis Plaza
  • $525000
  • N/ABed
  • N/ABath
  • 3,120SQFT

Details

StatusActive
Year Built1985
CountyTravis
Flooring
Lot Size0.4916
Parking
Total Stories
CoolingCentralAir
School District Lago Vista ISD
Schools
FireplaceLivingRoom
Property Type Apartment
property description

** Pre-inspected ** Rare turnkey opportunity for investors and owner occupants priced at the 1% rule! $5,400 monthly rental income! Properties like this rarely trade in the area and this one is SOLID. Unlike most fourplexes which are older, this is a 1985 build which means all PVC plumbing and copper wiring, as well as separate electric and water meters. All units are 2-bedroom 1-bathroom with a nice open layout - great fit for diverse tenant base including families, couples, roommates. Every unit features washer and dryer hookups and a beautiful wood-burning fireplace. Most units have been upgraded in recent years with newer cabinets, granite countertops, LVP flooring, vanities, light fixtures and much more. Last but not least, the property boasts a wooded 0.49-acre lot providing unparalleled privacy and ample space for additional income-generating structures. The property had fantastic occupancy over the years and the units are always in demand regardless of the rental market conditions. Owner-occupants may qualify to purchase with as little as $30,000 down - contact listing agent for details. Buyer to do due diligence and confirm measurements.

LOCATION


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