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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,253 sqft
Price per Sqft $212
Subdivision Chapel Hill North Sec 03
MLS Listing ID 3247593
Sold Date 05/30/24
Originating Board actris
Year Built 1993
Tax Year 2023
Lot Size 9,278 Sqft
Property Description
Welcome to 1201/1203 Gregory Lane, a prime investment opportunity in a sought-after neighborhood. This unique listing presents a rare chance to own two adjacent, income-generating properties. Each property has been maintained and is currently occupied by tenants in both units, offering both immediate cash flow and potential for value appreciation.
Key Features:
Location: Situated in a thriving community, the properties are ideally located near business districts, shopping centers, and top-rated schools. Easy access to major transportation routes enhances tenant appeal.
Occupancy Rates: High historical occupancy rates, with a diverse tenant base and strong rental history.
Income Potential: Competitive rental income with scope for future increases.
Parking & Accessibility: Ample parking for tenants and visitors, along with convenient access to public transport options.
Community Amenities: Close proximity to parks, recreational facilities, and community centers.
Stable cash flow with upward trending rental market.
Potential for asset appreciation in a high-demand area.
Opportunity for portfolio diversification.
Low vacancy rates with a strong tenant retention history.
The properties have been managed by a professional property management team, ensuring a hassle-free investment experience.
This is an incredible opportunity for investors seeking a stable and lucrative addition to their portfolio. 1201/1203 Gregory Lane is more than just properties; it's a chance to invest in a growing community with a bright future.
For all offers, please submit at this link: https://propy.com/offers/make/for-property/65eb530d20f53a8ad7755e11
Location
State TX
County Williamson
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), High Ceilings, No Interior Steps, Primary Bedroom on Main, Walk-In Closet(s)
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Laminate, Tile
Fireplaces Number 2
Fireplaces Type Living Room
Fireplace Y
Appliance Dishwasher, Disposal, Free-Standing Range, Water Heater
Exterior
Exterior Feature None
Garage Spaces 2.0
Fence Back Yard, Privacy
Pool None
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront No
Waterfront Description None
View None
Roof Type Composition
Accessibility None
Porch None
Parking Type Attached, Concrete, Driveway, Garage Faces Front
Total Parking Spaces 4
Building
Lot Description Front Yard, Trees-Medium (20 Ft - 40 Ft)
Faces East
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick Veneer,Frame
New Construction No
Schools
Elementary Schools Union Hill
Middle Schools Hopewell
High Schools Stony Point
School District Round Rock Isd
Others
Pets Allowed Negotiable
Restrictions None
Acceptable Financing Cash, Conventional, FHA, VA Loan
Tax Rate 1.754045
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Pets Description Negotiable
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Heather Witte
Broker Associate | License ID: 550616
Broker Associate License ID: 550616