828 Hwy 71 E | $300K NOI | MF/MH/RV | Bastrop TX
29 units/spaces | MF/MH/RV | $300K NOI | 5.33 acres | Hwy 71 frontage
Marketing description
Stabilized Cash-Flow Investment
120 Pine Hill Loop / 828 Hwy 71 E is an income-producing hybrid asset in Bastrop, Texas, combining multifamily apartments, manufactured/cottage-style homes, and tiny home/RV income on ~5.33 acres with Highway 71 frontage.
Current Income Mix (Owner-Reported)
- 6 apartments
- 10 homes/cabin/cottage units
- 13 tiny home/RV spaces (buyer to verify) Total: 29 units/spaces
Financials (Owner-Reported)
- Trailing-12 gross revenue: ~$362,700
- Trailing-12 net revenue: ~$300,500
- NOI: ~$300,000 annually
- Price: ~$4,500,000
- Implied cap rate: ~6.7%
- Occupancy: ~100%
Rent Roll Summary Owner reports a stabilized operation with multiple income streams (apartments + homes + tiny home/RV). Rent roll detail is available under NDA. Rent roll also includes expense line items (water, electric, taxes, insurance, maintenance); buyer to verify utility structure and any reimbursements.
Value-Add & Upside (Buyer to verify) Rent optimization, amenity upgrades, signage/branding, and potential expansion.
Why Bastrop / Austin Growth Corridor Highway 71 frontage within the Austin growth corridor—benefiting from regional population and employment growth.
Investment highlights
- Owner-reported trailing-12 gross revenue ~ $362,700 and net revenue ~ $300,500 (buyer to verify) Asking price $4,500,000 (~6.7% cap on owner-reported NOI) 29 units/spaces: 6 apartments + 10 homes/cabin/cottage units + 13 tiny home/RV spaces Owner-reported 100% occupancy and long operating history Tenants pay utilities per rent roll (buyer to verify) 5.33 acres with Highway 71 frontage Value-add: rent optimization, amenity upgrades, signage/branding, and expansion potential (buyer to verify)
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