2904 Sweeney LN Austin, TX 78723
UPDATED:
10/21/2024 10:04 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $154
Subdivision Manor Estates
MLS Listing ID 560324
Style None
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 and pictures of all units. Occupied units will be shown under contract. Please follow the offer instructions when submitting offers.
Location
State TX
County Travis
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Main Level
Interior
Interior Features None
Laundry Location Washer Hookup,Electric Dryer Hookup,Main Level
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplaces Number 4
Fireplaces Type Living Room
Fireplace Yes
Appliance Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Main Level
Exterior
Garage No Garage
Carport Spaces 3
Fence Wood
Pool None
Utilities Available Above Ground Utilities, Electricity Available
Waterfront No
View Y/N No
Water Access Desc Public
View None
Roof Type Other,See Remarks
Accessibility None
Parking Type No Garage
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style None
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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