Discover the essence of Swede Hill charm in East Austin with this unique triplex property, perfect for investors or those seeking an income-generating opportunity. Built in the 1910s, this property boasts three 1-bedroom, 1-bath units in the main house, each approximately 750 square feet, plus a detached 2-bedroom, 1-bath cottage with a separate fenced yard. **Key Features:** - **Prime Location:** Just blocks from downtown Austin, UT, The Moody Center, and Dell Medical, ensuring consistent rental demand. - **Historic Appeal:** Original longleaf pine and old oak hardwood floors, built-ins, and cedar closets add character and warmth. - **Income Potential:** Current rents are Unit A $1500, Unit B $1200, Unit C $1200, and Unit D $2225. All tenants are on month-to-month leases but are eager to stay. This property is an excellent candidate for redevelopment or can continue as a lucrative rental. With updated plumbing, a 13-year-old roof, and a new electrical system, it’s ready for the next owner to step in and enjoy the benefits. **Please Note:** Serious inquiries only. Showings by appointment to avoid disturbing tenants. ---
Duplex for sale or can be purchased as individual units. This beautiful new duplex offers breathtaking views of downtown Austin from its private outdoor terrace on the third floor. Upon entering, you'll be greeted by the stunning wood floors that gracefully flow throughout, creating a warm & inviting ambiance. Natural light floods the open-plan living spaces, illuminating the home and accentuating its modern charm. The kitchen is a true showstopper, boasting walnut cabinets that beautifully frame the white quartz counters. The large center island, adorned with warm wood custom slab cabinets & built-in microwave, offers both functionality & style. Stainless steel appliances, including a free-standing gas-burning range and oven with a captivating warm wood vent hood, elevate the culinary experience. The floor-to-ceiling built-in pantry provides ample storage, while the seamless flow into the living room & dining area creates an ideal setting for entertaining or unwinding. The main level features a half bathroom adorned with stunning blue tiles. Retreat upstairs to the spacious primary bedroom, where tranquility awaits. The spa-like primary bathroom is a sanctuary of relaxation, featuring a large double vanity with LED mirrors, divided by rift-sawn white oak cabinets. The highlight is the expansive wet room walk-in shower, accompanied by a separate tub with a white shower tile surround & built-in niches. The second floor boasts two additional bedrooms & a full bathroom, providing comfortable living quarters for family or guests. The third floor is a true gem, offering a private loft/game room and an additional bedroom & bathroom that could serve as another primary suite. Step outside and unwind on the covered back patio, overlooking the private backyard with full sprinklers & adorned with a beautiful mature tree. Walking distance of restaurants, bars, & other amenities. Complete with stunning a 2/2 back 2nd units equal in quality and great for extra income.
Outstanding Investment Opportunity on this professionally managed East Austin rental property generating an average annual revenue of ~$150k. Sold fully furnished with a book of business in place well into 2024. If you're looking for a property that "pencils," this is it.
Owner/Agent. Compound style property within walking distance to East 6th street. P/L documents available for review upon request.
The median home value in Austin, TX is $361,900. This is higher than the county median home value of $353,300. The national median home value is $219,700. The average price of homes sold in Austin, TX is $361,900. Approximately 41.53% of Austin homes are owned, compared to 50.25% rented, while 8.22% are vacant. Austin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Austin real estate agent to arrange a tour today!
Austin, Texas 78702 has a population of 916,906. Austin 78702 is less family-centric than the surrounding county with 35.47% of the households containing married families with children. The county average for households married with children is 36.46%.
The median household income in Austin, Texas 78702 is $63,717. The median household income for the surrounding county is $68,350 compared to the national median of $57,652. The median age of people living in Austin 78702 is 32.7 years.
The average high temperature in July is 95.1 degrees, with an average low temperature in January of 38.9 degrees. The average rainfall is approximately 35.2 inches per year, with 0.6 inches of snow per year.