Property Map
Street View
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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.
Property Details and Features
Property Access
- Road Surface Type: Other,SeeRemarks
Bathrooms
- Bathrooms Total Integer: 0
Building
- Construction Materials: Frame
- Living Area Source: Appraiser
Accessibility Features
- Accessibility Features: None
Foundation
- Foundation Details: Slab
Water Features
- Water Body Name: None
Interior Features
- Interior Features: None
Listing
- Listing Terms: Cash,Conventional
- Number Of Units In Community: 4
- Number Of Units Total: 4
Location
- City: Austin
- County Or Parish: Travis
Lot
- Parcel Number: 217263
Parking
- Parking Features: NoGarage
Possession
- Possession: ClosingAndFunding
Property
- Property Condition: Resale
- Property Sub Type: Quadruplex
- View: None
Taxes
- Tax Legal Description: LOT 3 MANOR ESTATES
- Tax Lot: 3
Utilities
- Electric On Property YN: t