Sqft 3,120
Acres 0.49
Property Type Residential Income
Heating Central
Parking None
Year Built 1985
Stories 2
Cooling Central Air
Days on Market 169
Garages 0

About 20700 Bonanza St

**$25,000 price adjustment for quick sale** Rare turnkey opportunity for investors and owner occupants that beats 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

Legal Description LOT 25M LAGO VISTA TRAVIS PLAZA
Address 20700 Bonanza St
County Travis
City Lago Vista
Zip Code 78645
Subdivision Lago Vista Travis Plaza
School District Lago Vista ISD
MLS Area LN

Size and Restrictions

Acres 0.49
Lot Description None
Horses Allowed No
$/Acre $1,016,260

Improvements

Parking None
Fence See Remarks
Exterior Features None

Features

View Hills
Water Access None

Utilities

Water Public
Utilities Electricity Available, See Remarks

Amenities

Area Amenities None

Beds and Baths

Primary on Main No

Other Rooms

Other Rooms Bedroom, Dining Room, Living Room
Kitchen Appliances Electric Oven, Electric Range, Free-Standing Refrigerator
Laundry Facilities In Kitchen, Washer Hookup, Electric Dryer Hookup

Heating and Cooling

Heating Central
Air Conditioning Central Air
Fireplaces Wood Burning

Interior Features

Flooring Laminate
Features Open Floorplan
Disability None

Building Information

Square Feet 3,120
Year Built 1985
# of Stories 2
Building Faces East
Construction See Remarks, Wood Siding
Foundation Slab
Roof See Remarks

Property Features

Exterior Features None

Garage and Parking

Garage No
Parking None

Financial

$/Sq Ft $160
$/Acre $1,016,260
$/Unit $125,000
Special Conditions SeeRemarks
Documents Available See Remarks
Disclosures See Remarks

Property Taxes

Appraisal District Travis
Estimated Taxes $9,420
Tax ID 01748014020000
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeReal Broker, LLC
Contact Info(512) 415-6244

Listing Map

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