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.

Property Features

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