2904 Sweeney LN Active Save Request In-Person Tour Request Virtual Tour
Austin,TX 78723
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $147
Subdivision Manor Estates
MLS Listing ID 564536
Style Traditional
Year Built 1972
Lot Size 7,435 Sqft
Property 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**
Location
State TX
County Travis
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Tile
Fireplaces Number 4
Fireplaces Type Living Room
Laundry In Unit
Exterior
Fence Wood
Pool None
Utilities Available Above Ground Utilities,Electricity Available
View Y/N No
View None
Roof Type Other,See Remarks
Building
Story 2
Foundation Slab
Sewer Public Sewer
Schools
Elementary Schools Pecan Springs Elementary School
High Schools Northeast Early College
School District Austin Isd
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional