2904 Sweeney Lane, Austin, TX 78723 (MLS # 560324)
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** 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/21/2024 |
|---|---|---|---|
| TRACT | Manor Estates | YEAR BUILT | 1972 |
| COUNTY | Travis | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Pecan Springs Elementary School |
|---|---|
| High School | Northeast Early College |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| CONSTRUCTION | Frame |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 7436 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | None |
| SUBDIVISION | Manor Estates |
| TAXES | 12199 |
| UTILITIES | Electricity Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATER ACCESS | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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