This beautiful property has 4 separate living spaces, a main home & 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$83,100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate. Leave as long-term leases, or convert to short term rentals with the new City of Austin position on accepting non-owner occupied STRs.
| Price | $999,990 |
|---|---|
| Year Built | 1949 |
| Property Type | Multi-Family |
| Listing # | 4427523 |
| Status | Active |
| County | Travis |
| Listing Type | For Sale |
| Property Taxes (Annual) | $20,635 |
| Square Feet | 3,086 |
|---|---|
| Floors | Concrete, Laminate, Wood |
| Heating and Cooling | Central, Natural Gas, Central Air, Electric |
| Fireplace | None |
| Foundation | Combination, Pillar/Post/Pier, Slab |
|---|---|
| Roof | Composition |
| Lot Size | 0.28 acres |
| Pool | None |
| MLS Area | 10N |
|---|---|
| Measurement Source | Multiple Dwelling |
Courtesy of Jeffrey Schnabel, Compass RE Texas, LLC512-913-7480
Based on information submitted to the MLS GRID as of 12/22/2024 1:53 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Estimated taxes and insurance are not included. Sales price from MLS. Mortgage calculator source: NextHome, Inc.
