$629,000
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2904 Sweeney Lane Austin, TX 78723
Fourplex
Residence
Beds
Baths
4,060
Sq. Ft.
0.17
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 incr...ease 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.
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MLS#
560324
Property Type
Fourplex
Year Built
1972
Square Feet
4,060
sq. ft
Lot Size
0.17
Stories
2.0
Sewer
Public Sewer
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