One of the most compelling opportunities in Lampasas, this 1930s character home combines classic craftsmanship with serious INCOME potential. Set on a generous 0.57- acre lot, this property offers two residences. The main home features 3 bedrooms, 2 baths, and 1,756 sq ft of inviting living space with hardwood floors,… Read More tile accents, and the kind of solid construction that simply isn’t found in newer builds. Updated for modern comfort with forced-air gas heating, washer/dryer hookups, side-by-side refrigerator, and dishwasher included. The garage apartment is the income-producing gem of this property. Completely remodeled in 2018, this bright 1-bedroom, 1-bath unit offers approximately 500 sq ft of thoughtfully finished living space with its own washer/dryer hookups — the kind of turnkey setup that attracts quality, long-term tenants. Currently tenant-occupied and generating $775/month — $9,300 annually — this unit delivers immediate cash flow from day one, with room to grow as the Lampasas rental market continues to strengthen. The Opportunity - Live in the main home and utilize the garage apartment to offset your mortgage. Two properties on one lot are rare in this market. Offered at $299,500 as-is, this property is priced to reflect its condition and presents a wonderful opportunity for a buyer ready to add their personal touch while enjoying immediate rental income from the additional dwelling. Read Less
Property listed by Harrell & Assoc. Real Estate 512-556-3131 (512) 556-3131
Listing Snapshot
Days Online
17
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,756
Lot Size
0.57 Acres
Year Built
1926
MLS Number
5790808
Additional Details
Building
Built in 1926, Stories: 1, 1,756 sqft living area, Block, Wood Siding, One
Disclosures
Lead Based Paint Disclosure, Municipal Utility District Disclosure, Seller Disclosure
Exterior Features
Exterior Steps
Fence
Back Yard, Chain Link, Fenced
Fireplaces
1 fireplace, Decorative, Primary Bedroom
Floors
Linoleum, Tile, Wood
Foundation
Pillar Post Pier, Slab
Heating
Ceiling, Central, Natural Gas
Interior Features
Ceiling Fans, Double Vanity, Storage, Soaking Tub, Walk In Closets
Laundry
Main Level, Laundry Room, In Unit, Washer Hookup, Electric Dryer Hookup
Lot
0.567 acres, Area: 0.567, Corner Lot, Gentle Sloping, Native Plants, Trees Medium Size
Parking
Concrete, Shared Driveway
Property
Resale, City, Garden, Neighborhood
Roof
Composition, Shingle
Sewer
Public Sewer
Taxes
Year: 2025
Utilities
Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
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