UPDATED:
11/06/2024 04:47 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $151
Subdivision Manor Estates
MLS Listing ID 2024421
Originating Board actris
Year Built 1972
Annual Tax Amount $12,198
Tax Year 2024
Lot Size 7,435 Sqft
Property Description
Discover a one-of-a-kind investment opportunity with this income-producing fourplex in East Austin, sitting on an MF-3 zoned lot (medium-density multifamily). $5100 monthly rental income, with room to increase rents by ~25%. Lots of upgrades including brand new roof. Desirable townhome-style units enjoy high rental demand and historically had vacancy only during make ready. Two units in the front are 2 bed/1.5 bath, two units in the back are 1 bed/1.5 bath. Each unit has a laundry room with washer and dryer hookups. Back units have spacious backyards, front units have fenced patios. Enjoy phenomenal 9.1% cap rate with market rents, coupled with the incredible appreciation potential of this rapidly gentrifying area.
Contact agent for rent rolls, pro forma and pictures of all units. Occupied units will be shown under contract.
Location
State TX
County Travis
Interior
Interior Features Interior Steps, Washer Hookup
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplaces Number 4
Fireplaces Type Living Room
Fireplace Y
Appliance Dishwasher, Dryer, Range
Exterior
Exterior Feature None
Fence Wood
Community Features See Remarks
Utilities Available Above Ground, Electricity Connected
Waterfront No
Waterfront Description None
View Neighborhood
Roof Type See Remarks
Accessibility None
Porch None
Building
Lot Description Cul-De-Sac
Faces Southwest
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Schools
Elementary Schools Pecan Springs
Middle Schools Bertha Sadler Means
High Schools Northeast Early College
School District Austin Isd
Others
Pets Allowed Negotiable
Restrictions None
Acceptable Financing Cash, Conventional
Tax Rate 0.49
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Description Negotiable
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