4,060 SqFt
4,060 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $147
Subdivision Manor Estates
MLS Listing ID 5685369
HOA Y/N No
Originating Board actris
Year Built 1972
Annual Tax Amount $12,198
Tax Year 2024
Lot Size 7,435 Sqft
Acres 0.1707
Property Description
Seller offers short-term financing with 4% interest rate to give the buyer enough time to rehab and refi at a higher value. This alone will save the buyer over $40k+ on hard money points and interest! Plus, we are one of the cheapest priced fourplexes in Austin if you look at all sold comps in the last 1000 days.
2022 roof ($27k spent), the foundation appears to be performing. Spacious town-home style units are always in demand. Back units have spacious fenced yards and back into the greenbelt. Some upgrades in the units, rehab is needed to reach top market rent. Washer and dryer hookups in every unit - not typical for multifam in this neighborhood, huge plus.
This rapidly gentrifying area has incredible appreciation potential. The neighboring 10-unit has already been rehabbed and has great tenants in place. The 10-unit across the street that has been sitting vacant appears to have been finally sold. There couldn't be a better time to buy in this pocket. In addition, the lot is zoned MF-3 (medium-density multifamily), great for future redevelopment.
Location
State TX
County Travis
Interior
Interior Features Interior Steps, Washer Hookup
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplaces Number 4
Fireplaces Type Living Room
Fireplace No
Appliance Dishwasher, Dryer, Range
Exterior
Exterior Feature None
Fence Wood
Pool None
Community Features See Remarks
Utilities Available Above Ground, Electricity Connected
Waterfront Description None
View Neighborhood
Roof Type See Remarks
Porch None
Building
Lot Description Cul-De-Sac
Faces Southwest
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Schools
Elementary Schools Pecan Springs
Middle Schools Bertha Sadler Means
High Schools Northeast Early College
School District Austin Isd
Others
Pets Allowed No Restrictions
Special Listing Condition Standard
Pets Allowed No Restrictions
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