$629,000
Sqft lot: 7,435
Acre lot: 0.17
35 Days On Market

Courtesy of {attribution_contact}

Status: Active
Property Type: Quadruplex
Year Built: 1972
Neighborhood: Manor Estates
Days On Website: 35

Property Details for 2904 Sweeney Lane, Austin, TX 78723

** 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.

Property Access

  • Road Surface Type: Other,SeeRemarks

Bathrooms

  • Bathrooms Total Integer: 0

Building

  • Construction Materials: Frame
  • Living Area Source: Appraiser

Accessibility Features

  • Accessibility Features: None

Foundation

  • Foundation Details: Slab

Water Features

  • Water Body Name: None

Interior Features

  • Interior Features: None

Listing

  • Listing Terms: Cash,Conventional
  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Location

  • City: Austin
  • County Or Parish: Travis

Lot

  • Parcel Number: 217263

Parking

  • Parking Features: NoGarage

Possession

  • Possession: ClosingAndFunding

Property

  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • View: None

Taxes

  • Tax Legal Description: LOT 3 MANOR ESTATES
  • Tax Lot: 3

Utilities

  • Electric On Property YN: t

Map View


$629,000 - 2904 Sweeney Lane, Austin, TX 78723

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2904 Sweeney Lane
Austin, TX 78723
City: Austin

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