NOT LISTED FOR SALE

5402 Avenue F Unit A & B Austin, TX 78751

North Loop Neighborhood
6 Beds
4 Baths
2,577 Sq Ft
6,229 Sq Ft Lot

Last Sold July 07, 2022

40 Days on Market

Highlights

  • Additional Residence on Property
  • Horses Allowed On Property
  • City View
  • Reilly Elementary School Rated 9+
  • Two Primary Bedrooms
  • Two Primary Bathrooms

About This Home

As of July 2022

6-Figure Income Potential: Hurry to submit your offer in for this lucrative investment before high season! Current investor/owner has 3 prospective tenants at $6,500/mo for Side A, for a potential $8,549 monthly income or $102,588 gross annual rent. Low maintenance costs. Price slashed for quick close, well under TCAD appraised value; protest in place before deadline to help your bottom line. Stunning 5/2.5 + 1/1 popular high-end rental in coveted North Loop/North Hyde Park. Convenient to major employers, Apple & MoPac Xpress to whisk past heavy traffic. Walkable to entertainment, Triangle. Current total lease $6,453/mo to 7/31/22; lucrative academic rental option potential $2K/bed/mo. Cashflow plus outstanding appreciation average $200K+/yr in an area of rapid redevelopment w/no vacancy. Good bus lines/bike paths. ~$450/yr maintenance costs. 2 ACs w/warranties for 6+yrs. Austin rents have risen dramatically in the past few months as many highly paid employees move here--feel free to call owner/agent for insights and rent history. Outstanding STR potential; analysis by request from Premier Host owner. Owner will help to secure new lease if desired. Seize this opportunity! Discount for quick close or direct sale from Seller (me) to Buyer (you) for unrepresented buyers. Why would the debt-free owner give up this cash-flow gem? She wants to explore the Berlin market. Bring all reasonable offers! All of you who couldn't make your numbers work: it's time to redo those numbers.

Last Agent to Sell the Property

Paula Preston

Central Metro Realty License #0664403 Listed on: 04/24/2022

Central Metro Realty

Last Buyer's Agent

John Cummings

John P. Cummings Jr. License #0662316

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,846

Year Built

  • Built in 2013

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 50' x 125'
  • East Facing Home
  • Private Entrance
  • Sprinkler System
  • Wooded Lot
  • Back Yard Fenced and Front Yard
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 2,577 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Multiple Living Areas
  • City Views
  • Stacked Washer and Dryer

Kitchen

  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Reilly Elementary School
  • Lamar Middle School
  • Mccallum High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Connected
  • Tankless Water Heater

Additional Features

  • Additional Residence on Property
  • Horses Allowed On Property

Listing and Financial Details

  • The owner pays for insurance, repairs, taxes
  • Assessor Parcel Number 5402 Avenue F Austin, TX 78751
  • Tax Block 39

Community Details

Overview

  • No Home Owners Association
  • Built by Gossett Jones
  • Highlands Subdivision
  • Electric Vehicle Charging Station

Amenities

  • Community Storage Space

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,846

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 2013
  • Direction Faces: East
  • Directions: From Mopac Express Lane to whisk past traffic: Head East on Koenig/2222, Rt. on Avenue F; from UT head north on Red River; left on 53rd; right on Avenue F. Access garage from alley.
  • Disclosures: Owner/Agent, Rental Records Available, Seller Provided Survey Available
  • Fencing: Back Yard, Fenced, Privacy, Wood
  • Garage Spaces: 2
  • Green Energy Efficient: Water Heater
  • Green Sustainability: None
  • Levels: Two
  • Living Area: 2577
  • Other Equipment: Electric Dryer Hookup, Washer Hookup
  • Other Structures: Garage(s), Second Residence, See Remarks
  • Special Listing Conditions: Standard
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 19055.00
  • FEMA Flood Plain: No
  • Restrictions: Lease
  • Tax Exemptions: None
  • Unit Mix: See Remarks
  • Special Features: None

Interior Features

  • Interior Amenities: Two Primary Baths, Two Primary Suties, Bookcases, Ceiling Fan(s), High Ceilings, Stone Counters, Electric Dryer Hookup, Interior Steps, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s), Washer Hookup, See Remarks
  • View: City
  • Flooring: Concrete, Tile, Wood, See Remarks
  • Fireplace Features: None
  • Accessibility Features: See Remarks
  • Appliances: Dishwasher, Disposal, Dryer, Gas Cooktop, Ice Maker, Microwave, Plumbed For Ice Maker, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer, Washer/Dryer Stacked, Water Heater, See Remarks
  • Property Condition: Resale, Good
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Window Features: Blinds, See Remarks
  • ResoLivingAreaSource: Owner
  • Laundry Location: Inside,Laundry Room,Main Level,Upper Level,See Remarks

Exterior Features

  • Exterior Features: Electric Car Plug-in, Lighting, Private Entrance, Private Yard, See Remarks
  • Roof: Composition
  • Builder Name: Gossett Jones
  • Foundation: Slab
  • Patio And Porch Features: Covered, Patio, See Remarks
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Detached, Elec Vehicle Charge Station(s), Garage, Garage Door Opener, Garage Faces Rear, Off Street, Private, See Remarks
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected, See Remarks
  • Heating: Central, Natural Gas
  • Water Source: Public
  • Cooling: Central Air, Multi Units, Separate Meters, See Remarks
  • Meter Description: Allocation Billing,Electric Separate,Gas Common,Water Common,See Remarks

Association/Amenities

  • Association: No
  • Community Features: Storage, See Remarks

Condo/Co-op/Association

  • Community Web Site: https://northloopatx.org

Schools

  • Elementary School: Reilly
  • High School: McCallum
  • Middle/Junior School: Lamar (Austin ISD)
  • Junior High Dist: Austin ISD
  • High School Other: Fine Arts Magnet

Lot Info

  • Lot Features: Alley, Back Yard, Front Yard, Private, Sprinkler - Automatic, Trees-Moderate
  • Lot Size: 50' x 125'
  • Parcel Number: 5402 Avenue F Austin, TX 78751
  • Lot Size Acres: 0.143
  • Lot Size Sq Ft: 6229.08
  • Subdivision Name: Highlands

Rental Info

  • Owner Pays: Insurance, Repairs, Taxes
  • Total Actual Rent: 6453
  • Pets Allowed: Negotiable

Building Info

  • Construction Materials: HardiPlank Type
  • New Construction: No

Tax Info

  • Tax Block: 39
  • Tax Year: 2021
  • Tax Annual Amount: 21846.07
  • Tax Map Number: LOT 3-4
  • Tax Rate: 2.17667900000000

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 List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold -- -- --
06/13/2022 06/13/22 Price Changed $1,225,000 +2.1% $475 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
06/03/2022 06/03/22 Price Changed $1,200,000 -2.0% $466 / Sq Ft
05/28/2022 05/28/22 Price Changed $1,225,000 -2.0% $475 / Sq Ft
05/20/2022 05/20/22 Price Changed $1,249,999 -3.8% $485 / Sq Ft
05/12/2022 05/12/22 Price Changed $1,299,999 -10.8% $504 / Sq Ft
04/24/2022 04/24/22 For Sale $1,456,944 -- $565 / 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: 7723963

Unlock MLS (Austin Board of REALTORS®)