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  6. 2904 Sweeney LN, Austin TX 78723

2904 Sweeney LN, Austin TX 78723

$ 639,000
2904 Sweeney LN, Austin TX 78723, ,
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Overview

  • Property ID
  • 1904933
  • 4,060 ft2
  • 0 ac

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.

Features

Other Features
Dishwasher
Dryer
Electrical Utility Available
Interior Steps
None
Range
Washer Hookup

Details

Property Id : 1904933
Price: $ 639,000
Property Size: 4,060 ft2
Property Lot Size: 0 ac
Syndication Remarks: ** 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.
Parking Features: Outside
Lot Size(acres): 0.1707
Lot Size(sf): 7435.69
Country: US
Last Listing Change: 2024-09-13T15:50:39.243Z
Property Key: 48453|217263|1|44676819
Status Contractual Search Date: 2024-08-13
Listing Key Numeric: 123807203
Est. Taxes: 12199
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 12
Last Price Change: 2024-09-13T14:14:25.130Z
State: TX
Last Status Change: 2024-08-13T21:58:04.743Z
Street Name: Sweeney
Laundry Location: Multiple Locations
Street# Ext.: 2904
Street#: 2904
Street Suffix: LN
Property Match: APN
$/SF: 157.39
Tax Filled SF Total: 4060
Unit Mix: 1/1.5,2/1.5
Unit Room Type: Bedroom,Bathroom,Kitchen
Accessibility Features: None
Community Features: See Remarks
Construction Materials: Frame
Cooling: Central Air
Covered Spaces: 0
Faces: SW
Directions: From 1-35, Go South on Hwy-183. Right on Manor Rd, Left on Sweeney. Property on left.
Elem School: Pecan Springs
Elem School District: Austin ISD
Fencing: Wood
Fireplace Features: Living Room
#Fireplaces: 4
Flooring: Carpet,Tile
Foundation Details: Slab
Garage Spaces: 0
Heating: Central
High School: Northeast Early College
High School District: Austin ISD
Levels: Two
Listing ID: 2024421
Listing Terms: Cash,Conventional
SF Source: Public Records
Lot Features: Cul-De-Sac
MLS Area Major: 3
Middle School: Bertha Sadler Means
Middle School District: Austin ISD
Status: Active
Other Structures: None
Parcel#: 02202114430000
Patio And Porch Features: None
Pets Allowed: Negotiable
Possession: Funding
Property Condition: Resale
Roof: See Remarks
Sewer: Public Sewer
Special Listing Conditions: Standard
Tax Annual($): 12198.63
Utilities: Above Ground,Electricity Connected
View: Neighborhood
Water Source: Public
Waterfront Features: None
Window Features: None
Year Built: 1972

Calculator

$ 4,376.01
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,231.13

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Schedule Tour

Thu 07 Nov
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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2904 Sweeney LN, Austin TX 78723

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Gerald Bodle, MBA