MLS# 560324 – 2904 Sweeney Lane, Austin, TX 78723

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$629,000 - Br/0Ba - for Sale in Manor Estates, Austin
Price: $629,000
Baths: 0
Status: Active
Property Type: Quadruplex
Lot Size Acres: 0.17
Lot Size SqFt: 7,435
Year Built: 1972
Neighborhood: Manor Estates
Days on Website: 35

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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.

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

Property Map

$629,000 – 2904 Sweeney Lane, Austin, TX 78723

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