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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,904 sqft
Price per Sqft $169
Subdivision Holiday Heights Sec 01
MLS Listing ID 1190984
Year Built 1968
Annual Tax Amount $12,980
Tax Year 2024
Lot Size 8,934 Sqft
Property Sub-Type Quadruplex
Property Description
Rare opportunity to buy a fully remodeled fourplex in the heart of Austin close to the 1% rule. Great fit for long-term, mid-term or short-term rental, and AMAZING fit for house hacking. Positioned in an area with active redevelopment and new construction, the property boasts a 0.2 acre corner lot zoned MF-2 allowing for up to 90 units/acre making it a great covered land play. The fourplex features spacious townhome-style units - two 2 bedroom units and two 1 bedroom units, fully updated with new flooring, paint, fixtures, kitchens, bathrooms as well as brand new appliance packages. Exterior upgrades include new hardi siding, recent roof, all new windows and sliding doors, and gutters, allowing for low maintenance for years to come. All units are vacant, providing maximum flexibility for the new owner to implement their strategy of choice. Conservative projection for long-term rental income is $6,000/month, with additional upside through short- or mid-term rental strategies. Diverse unit mix and exceptional location with easy access to major employers, retail, and dining, make the property highly attractive to a wide tenant base. Buyer to do due diligence and confirm measurements, condition, zoning and income potential. 1% rate buydown incentives with preferred lender - contact listing agent for details.
Location
State TX
County Travis
Area 2
Interior
Heating Central, Electric
Cooling Central Air
Flooring See Remarks
Exterior
Exterior Feature See Remarks
Fence None
Community Features None
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description None
View See Remarks
Roof Type See Remarks
Building
Lot Description Corner Lot
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type See Remarks
New Construction No
Schools
Elementary Schools Brown
Middle Schools Webb
High Schools Navarro Early College
School District Austin Isd
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan, Zero Down
Listing Terms Cash, Conventional, FHA, VA Loan, Zero Down
Special Listing Condition Standard
Pets Allowed No Restrictions
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