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Ashley Burgess Weist
REALTOR®, ABR, GRI, CNE
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20700 Bonanza Street, Lago Vista, TX 78645

$525,000
  • 20700 Bonanza Street, Lago Vista, TX 78645 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET3,120 MLS#610501
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLago Vista Travis Plaza SCHOOLLago Vista ISD

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.

20700 Bonanza Street | MLS# 610501

This multi-family property located at 20700 Bonanza Street, Lago Vista, TX 78645 is currently listed for sale with an asking price of $525,000. Bonanza Street is located within the Lago Vista ISD school district. Search Lago Vista real estate on ashleyweist.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Fireplaces: 4
Heating: Central
Lot Size: 0.49 Acres
Roof Type: Composition, Shingle
Stories: 2.0
Year Built: 1985

Amenities

Ceiling Fan(s)
Kitchen/Family Room Combo
Kitchen/Dining Combo

Feature Descriptions

Accessibility: None
Appliances: Dishwasher, Electric Range, Disposal, Microwave, Oven
Body of Water: None
Days on Site: 6
Exterior: Frame, Masonry
Fencing: Other, See Remarks
Fireplace: Living Room
Flooring: Laminate
Laundry: In Kitchen
Parcel#: 178066
Sewer: Public Sewer
Units: 4
Utilities: Electricity Available
Water: Public

Local Schools

School District: Lago Vista ISD

Listed By / Shown By

Listed By

Agency Name: Real Broker, LLC
Agency Phone: 855-450-0442

Shown By

Agent Name: Ashley Burgess Weist
Agent Phone: (254) 717-8256
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447

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Estimated Payment

$ 1,321.55 per month $1,168.42 Principal & Interest $0.00 Property Tax (data not provided by mls) $153.13 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/19/2026. The listing information on this page last changed on 04/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/19/2026 12:27:33 AM EST) or NTREIS (last updated Sat 04/18/2026 8:04:14 AM EST) or SABOR MLS (last updated Sun 04/19/2026 12:22:19 AM EST) or CTXMLS (last updated Sat 04/18/2026 11:34:19 PM EST). Real estate listings held by brokerage firms other than Kelly, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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