For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,678 sqft
Price per Sqft $191
Subdivision Duval Villas 02
MLS Listing ID 1427157
Sold Date 08/16/21
Originating Board actris
Year Built 1985
Annual Tax Amount $13,694
Tax Year 2021
Lot Size 10,846 Sqft
Property Description
Extremely rare opportunity to get a fantastic income four-plex in the hottest 78759 zip code only minutes from the Domain ( Austin's 2nd Downtown). Two large 2 bed 2 baths and two large 3 bed 2 bath units. Homes in the area are going much over asking and sell in less then a week. Rental demand off the charts. Well Maintained Quadruplex, spacious units. Living Rooms and Master Bedrooms have Vaulted Ceilings and Balconies in Upstairs units. All units have Fireplaces. Unit A and D are furnished and were being used as AirBnb but long term market rents are $1295 per unit for the 2/2s and $1550 for the 3/2 so a total market rent of $5,690/mo or $68K+ per year so at asking price about 5% cap rate on market rents. Can not beat that.
Location
State TX
County Travis
Interior
Interior Features Ceiling Fan(s), Vaulted Ceiling(s), Electric Dryer Hookup, Gas Dryer Hookup, No Interior Steps, Primary Bedroom on Main, Walk-In Closet(s), Washer Hookup
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Number 4
Fireplaces Type None
Fireplace Y
Appliance Dishwasher, Disposal, Gas Range, Oven, Range, Washer/Dryer
Exterior
Exterior Feature None
Fence None
Pool None
Community Features Cluster Mailbox
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Waterfront No
Waterfront Description None
View None
Roof Type Composition
Accessibility None
Porch Porch
Parking Type Off Street
Total Parking Spaces 6
Building
Lot Description Level, Public Maintained Road, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
Faces Southwest
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick Veneer,Frame,Vinyl Siding
New Construction No
Schools
Elementary Schools Davis
Middle Schools Murchison
High Schools Anderson
School District Austin Isd
Others
Pets Allowed Cats OK, Dogs OK
Restrictions None
Acceptable Financing Cash, Conventional, 1031 Exchange
Tax Rate 2.22665
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Pets Description Cats OK, Dogs OK
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Resavvy LLC
GET MORE INFORMATION