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Investment Properties By Ron Natal

Real Estate That
Pays You Back

Redevelopment lots, value-add projects, and cash-flowing rentals across Central Texas — every one underwritten before it reaches this page.

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★★★★★
The Thesis

An investment property is not a home — it is a business that happens to have a roof. It gets bought on numbers, held on numbers, and sold on numbers.

Central Texas continues to draw the jobs, the people, and the rent growth that make buy-and-hold work. But the spread has tightened, and the deals that still pencil are not the ones sitting on the open market. Everything below has been underwritten before it reaches this page — rent comps and real expenses on a rental, land basis and buildable area on a redevelopment, conservative assumptions either way — so you can evaluate the deal instead of the pitch.

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Available Properties

Deals That Pencil

Active
704 E Austin Ave
Round Rock, TX 78664
2 BD · 1 BA · MAJOR REPAIRS · VALUE IN THE LAND

A 0.198-acre downtown lot carrying the new MU-L mixed-use zoning adopted in October 2025. The existing two-bedroom structure needs major repairs and is priced accordingly — the opportunity here is the dirt and what the code now lets you put on it. No Historic Overlay, so demolition does not require a Certificate of Appropriateness.

Lot Size
0.198 AC
Land Basis
$40.51/SF
Zoning
MU-L
Buildings Allowed
Up to 3
Max Per Building
2,800 SF
Max Footprint
5,184 SF
Asking
$350,000
Active
710 E Austin Ave
Round Rock, TX 78664
2 BD · 1 BA · CORNER LOT · VALUE IN THE LAND

The corner parcel — 0.290 acres with frontage on both E Austin Ave and N Georgetown Street, two access points a mid-block lot cannot match. Roughly 46% more land than 704 up the block and a 7,580 sq ft buildable footprint at 60% coverage, at the lower land basis of the two — $31.66 per square foot. Also outside the Historic Overlay.

Lot Size
0.290 AC
Land Basis
$31.66/SF
Zoning
MU-L
Buildings Allowed
Up to 3
Max Per Building
2,800 SF
Max Footprint
7,580 SF
Asking
$400,000
Buy Them Together

Two of the
Forty Opportunities

On October 23, 2025 the Round Rock City Council rezoned 114 downtown parcels and placed just 40 of them into MU-L. These are two of those forty, on the same block in a walkable downtown nineteen miles north of Austin. The entitlements underneath them changed in October 2025, and the market has not repriced what the code now permits.

The City's comprehensive plan calls for a minimum of 1,000 new dwelling units within a quarter mile of Main Street, and MU-L is how it intends to get them at neighborhood scale. Both lots are held by the same owner, who will consider a package price for the pair — just under half an acre, separated by a single home on the block. Because the three-building cap applies per lot, that is up to six principal buildings across the two, with no replatting question to work through.

Combined Land
0.488 AC
Total Sq Ft
21,274 SF
Combined Ask
$750,000
Blended Basis
$35.25/SF
How I Work

The Numbers Come First

01
Underwritten Before You See It

Every property here gets a full analysis first — rents and expenses on a hold, or land basis, build costs, and what the code allows on a redevelopment. If it does not pencil, it does not make the page.

02
Off-Market Access

A network of agents, wholesalers, and owners across Central Texas surfaces deals before they hit the MLS — where the margin still lives. When one comes in under market, that saving goes to you, not into a markup.

03
Entitlements Read Closely

Zoning is where land deals are won and lost. I read the actual code — allowed uses, height, coverage, setbacks, frontage exceptions — and tell you what you can really build, not what the district name implies.

04
Built for Repeat Buyers

Most of my investor clients buy more than once. That only happens if the first deal performs — so I would rather talk you out of a bad one than sell it to you.

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Build Your Buy Box

Tell Me What You Want
To Own

Target return, price range, strategy, and timeline. I will build the buy box with you and bring deals that fit it — including the ones that never hit the MLS.

Start The Conversation

Let's Start Writing The Next Chapter of Your
Real Estate Journey

A free, no-pressure home valuation from a local expert who knows your neighborhood. No automated estimate — a real analysis from Ron.

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