2904 Sweeney LN, Austin TX 78723,Austin,Travis,Residential Income

Syndication Remarks: UNIQUE OPPORTUNITY WITH SELLER FINANCING, PRICE REDUCED! CONTACT AGENT FOR DETAILS. 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 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. All information shoudl be independently verified by the buyer and buyer's agent.