2904 Sweeney Lane
Austin, TX 78723
4060 sqft | 0.17 acres | #564536
Description
** NEW AS OF 12/9/2024: SELLER FINANCING WITH 4% INTEREST RATE IS AVAILABLE TO QUALIFIED BUYERS, ENJOY OVER $1,000 OF MONTHLY CASH FLOW FROM DAY 1!! **
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, pictures of all units. 1 unit is vacant and can be shown. Occupied units shown under contract**
Property Details
- Utility FeaturesAboveGroundUtilities, ElectricityAvailable
- Elementary SchoolPecan Springs Elementary School
- High SchoolNortheast Early College
- SubdivisionManor Estates
- StyleTraditional
- Sewer InformationPublicSewer
- School DistrictAustin ISD
- Property SubtypeQuadruplex
- Property TypePurchase
- Original List Price$614,999
- Acres0.1707
- CountyTravis
- MLS #564536
- Cost614999
- MLS #564536
- Square Feet4060
- Year Built1972
- FoundationSlab
- Fireplaces4
Location
Legal
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Michael Rader may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Last Updated: . Source: CTXMLS
Listing Courtesy
Listing Agent: Jeffrey McElroy (#W0542753)
Listing Office: Real Broker (#W805521714)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
