Beds 0 | Baths 0 | 4,060 Sqft | 0.17 Acres |
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Property Description
** ONE UNIT IS VACANT TEXT AGENT TO SHOW. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES! ** 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. Please follow the offer instructions when submitting offers.
General Information
Sale Price: $629,000
Price/SqFt: $155
Status:
MLS#: 560324
Post Office: austin
Acres: 0.1707
Lot Dimensions: -
Bedrooms:0
Bathrooms:0
House Size: 4,060 sq.ft.
Acreage: 0.1707 est.
Year Built: 1972
Property Type: Quadruplex
Style: None
Features & Room Sizes
Paved Road: Other See Remarks
Garage: NO
Exterior: Frame
Exterior Misc: -
Pool Description: None
Basement: -
Appliances: Dryer Washer
Cooling: Central Air
Heating: Central
Waste: Public Sewer
Watersource: Public
Community/Association Features
CommunityFeatures: -
Association Amenities: -
Tax, Fees & Legal
Legal Description: LOT 3 MANOR ESTATES
HOA fees:
Information provided by Central Texas MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Listing By: - of -, Phone: -