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Description Open House Details Location Market Trends Schools
$615,000 Est. $2,265 / mo.*

2904 Sweeney Lane Austin , TX 78723

Property listed by Real 512-960-3253 (512) 415-6244

Description

Property Type: Quadruplex
Status: Active
Year Built: 1972
Neighborhood: Manor Estates
Days on Website: 103
** PRICE REDUCED - WE ARE THE LOWEST PRICED QUADPLEX IN AUSTIN BY FAR ** 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.

Open House

Property Details and Features

Appliances & Equipment
Dryer
Dishwasher
Range
Building
Built in 1972
Stories:
2
4,060 sqft living area
Frame
Two
Community
SeeRemarks
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Contact an Agent

512-794-9914 512-345-1919

Location

$615,000 -
2904 Sweeney Lane Austin , TX 78723
County: Travis

Street View

Nearby Schools

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