2904 Sweeney LN new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78723
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
Year Built 1972
Lot Size 7,435 Sqft
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.
Location
State TX
County Travis
Rooms
Ensuite Laundry Washer Hookup,Electric Dryer Hookup,Main Level
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup,Main Level
Heating Central
Cooling Central Air
Flooring Carpet,Tile
Fireplaces Number 4
Fireplaces Type Living Room
Laundry Washer Hookup,Electric Dryer Hookup,Main Level
Exterior
Garage No Garage
Fence Wood
Pool None
Utilities Available Above Ground Utilities,Electricity Available
Waterfront No
View Y/N No
View None
Roof Type Other,See Remarks
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Pecan Springs Elementary School
High Schools Northeast Early College
School District Austin Isd
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional