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Seller's Agent in 2023
Heather Burke
Compass RE Texas, LLC
(508) 548-6611
1 in this area
22 Total Sales
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
Compass RE Texas, LLC License #0764785 Listed on: 04/11/2023
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 |
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Seller's Agent in 2023
Heather Burke
Compass RE Texas, LLC
(508) 548-6611
1 in this area
22 Total Sales
Buyer's Agent in 2023
Ashley Arthur
Compass RE Texas, LLC
(512) 817-6766
2 in this area
19 Total Sales
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2170578
APN: 04282103260000