20700 Bonanza Street, Lago Vista, TX 78645 (MLS # 610501)
** 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.
Property Type(s):
Single Family
|
Last Updated
|
4/13/2026
|
Tract
|
Lago Vista Travis Plaza
|
|
Year Built
|
1985
|
County
|
Travis
|
Additional Details
| AIR |
Ceiling Fan(s), Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Electric Range, Microwave, Oven |
| CONSTRUCTION |
Frame |
| FIREPLACE |
Yes |
| HEAT |
Central |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
0.4916 acre(s) |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Lago Vista Travis Plaza |
| TAXES |
9420 |
| UTILITIES |
Electricity Available |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| WATER ACCESS |
None |
Listed with Real Broker, LLC
Listing information is provided by the Central Texas Multiple Listing Service, Inc., and is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.
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