4,060 SqFt
4,060 SqFt
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 564536
Style Traditional
Construction Status Resale
HOA Y/N No
Year Built 1972
Lot Size 7,435 Sqft
Acres 0.1707
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, pictures of all units. 1 unit is vacant and can be shown. Occupied units shown under contract**
Location
State TX
County Travis
Direction Southwest
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplaces Number 4
Fireplaces Type Living Room
Fireplace Yes
Appliance Dryer, Dishwasher, Electric Range, Range
Laundry In Unit
Exterior
Fence Wood
Pool None
Utilities Available Above Ground Utilities, Electricity Available
View Y/N No
View None
Roof Type Other,See Remarks
Building
Faces Southwest
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Architectural Style Traditional
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Pecan Springs Elementary School
High Schools Northeast Early College
School District Austin Isd
Others
Tax ID 217263
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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