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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $232
Subdivision Tanglewood Forest Sec 03
MLS Listing ID 2170578
Sold Date 07/10/23
Originating Board actris
Year Built 1983
Annual Tax Amount $14,442
Tax Year 2022
Lot Size 8,232 Sqft
Property Description
Welcome to an incredible investment opportunity in the heart of South Austin! This is the lowest priced Fourplex currently on the market within 15 miles making it an ideal prospect for those looking to make a wise investment in the city's bustling real estate market.
Nestled on a cul-de-sac, this multi-family property is situated in the highly desirable Tanglewood Forest community, located at the corner of Slaughter and Menchaca. This area is rapidly growing, with amazing rentability potential and boasts an excellent walk score. You'll be able to walk to the nearby HEB, restaurants, and new bars/coffee shops. Plus, there's a kid's playground at the end of the street - perfect for young families!
The location is also incredibly convenient for commuters, with quick access to both Mopac and I35, allowing for easy trips across the city. And for those looking to explore Downtown Austin, you'll be there in less than 20 minutes.
This Fourplex comprises four fully-occupied units, each offering open plan living, 2 bedrooms, and 1 bathroom. The current total rental income is $5242, with potential for rental increase, as comparable units are renting up to $1500.
Plus, the property has undergone updates, including a 2019 roof and fresh interiors for units A, C & D.
The buyer will have the right to give a 30-day notice to vacate to tenants, allowing for the potential to update the units and increase rental income even further. Property is sold as is.
Don't miss out on this incredible investment opportunity.
Location
State TX
County Travis
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), Open Floorplan, Primary Bedroom on Main, Storage, Washer Hookup
Heating Hot Water
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Wood
Fireplaces Type None
Fireplace Y
Appliance Gas Range, Microwave, Free-Standing Refrigerator, Washer/Dryer
Exterior
Exterior Feature Balcony, Playground, Private Entrance
Fence Back Yard, Wood
Pool None
Community Features Playground
Utilities Available Cable Available, High Speed Internet, Natural Gas Connected, Water Connected
Waterfront No
View None
Roof Type Tile
Accessibility Accessible Stairway
Porch Patio
Parking Type Asphalt, Off Street, Parking Lot
Building
Lot Description Back Yard, Trees-Large (Over 40 Ft)
Faces North
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Wood Siding, Stone, Stone Veneer
New Construction No
Schools
Elementary Schools Kocurek
Middle Schools Bailey
High Schools Akins
Others
Pets Allowed Negotiable
Restrictions See Remarks
Acceptable Financing Cash, Conventional
Tax Rate 2.146
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Description Negotiable
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Heather Witte
Broker Associate | License ID: 550616
Broker Associate License ID: 550616