NOT LISTED FOR SALE
-- Bed
4 Baths
3,120 Sq Ft
8,233 Sq Ft Lot

Last Sold July 10, 2023

62 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Balcony
  • Mature Trees
  • No HOA
  • Breakfast Bar

About This Home

As of July 2023

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.

Last Agent to Sell the Property

Heather Burke

Compass RE Texas, LLC License #0764785 Listed on: 04/11/2023

Compass RE Texas, LLC

Last Buyer's Agent

Ashley Arthur

Compass RE Texas, LLC License #0579985

Compass RE Texas, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,442

Year Built

  • Built in 1983

Lot Details

  • 8,233 Sq Ft Lot
  • North Facing Home
  • Private Entrance
  • Wood Fence
  • Mature Trees
  • Back Yard Fenced

Home Design

  • Slab Foundation
  • Tile Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Storage

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave

Flooring

  • Wood
  • Carpet

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Driveway
  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Walker Accessible Stairs

Outdoor Features

  • Balcony
  • Patio
  • Playground

Schools

  • Kocurek Elementary School
  • Bailey Middle School
  • Akins High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Legal Lot and Block 21 / A
  • Assessor Parcel Number 04282103260000
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Tanglewood Forest Sec 03 Subdivision

Recreation

  • Community Playground

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,442

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Restrictions: See Remarks
  • Unit Mix: 2/1
  • Year Built: 1983
  • Direction Faces: North
  • Directions: Head south on Menchaca and turn right on W Slaughter lane and a right on Roxanna Dr and first right on Cedrick Cove. Property is second FourPlex on the left.
  • Disclosures: See Remarks
  • Estimated Taxes: 14442.15
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Back Yard, Wood
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 3120.00
  • Other Equipment: Dryer Connections, Washer Hookup
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Open Floorplan, Primary Bedroom on Main, Storage, Washer Hookup
  • Laundry Location: In Unit, Laundry Closet
  • View: None
  • Flooring: Carpet, Wood
  • Fireplace Features: None
  • Accessibility Features: Accessible Stairway
  • Appliances: Gas Range, Microwave, Free-Standing Refrigerator, Washer/Dryer
  • Property Condition: Resale
  • Security Features: None
  • Window Features: None

Exterior Features

  • Exterior Features: Balcony, Playground, Private Entrance
  • Roof: Tile
  • Foundation: Slab
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Asphalt, Off Street, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet-Fiber, Natural Gas Connected, Water Connected
  • Heating: Hot Water
  • Meter Description: Read Meter
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Association/Amenities

  • Association: No
  • Community Features: Playground

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Kocurek
  • Middle School: Bailey
  • High School: Akins
  • Elementary School: Kocurek
  • High School: Akins
  • Middle/Junior School: Bailey

Lot Info

  • Lot Features: Back Yard, Trees-Large (Over 40 Ft)
  • Parcel Number: 04282103260000
  • Lot Size Acres: 0.1890
  • Lot Size Sq Ft: 8232.84
  • Subdivision Name: Tanglewood Forest Sec 03

Rental Info

  • Total Actual Rent: 5242.00
  • Pets Allowed: Negotiable

Building Info

  • Construction Materials: Wood Siding, Stone, Stone Veneer
  • New Construction: No

Tax Info

  • Tax Block: A
  • Tax Filled Sqft Total: 3192
  • Tax Lot: 21
  • Tax Rate: 2.14600000000000
  • Tax Year: 2022
  • Tax Annual Amount: 14442.15
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold -- -- --
06/12/2023 06/12/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $725,000 0.0% $232 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $725,000 -- $232 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2170578

Unlock MLS (Austin Board of REALTORS®)

APN: 04282103260000