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4361 S Congress Ave #104
Austin, TX
78745
** NEW AS OF 12/9/2024: SELLER FINANCING WITH 4% INTEREST RATE IS AVAILABLE TO QUALIFIED BUYERS, ENJOY OVER $1,000 OF MONTHLY CASH FLOW FROM DAY 1!! **
Discover a one-of-a-kind investment opportunity with this income-producing fourplex in East Austin, sitting on an MF-3 zoned lot (medium-density multifamily). $5100 monthly rental income, with room to increase rents by ~25%. Lots of upgrades including brand new roof. Desirable townhome-style units enjoy high rental demand and historically had vacancy only during make ready. Two units in the front are 2 bed/1.5 bath, two units in the back are 1 bed/1.5 bath. Each unit has a laundry room with washer and dryer hookups. Back units have spacious backyards, front units have fenced patios. Enjoy phenomenal 9.1% cap rate with market rents, coupled with the incredible appreciation potential of this rapidly gentrifying area.
**Contact agent for rent rolls, pro forma, pictures of all units. 1 unit is vacant and can be shown. Occupied units shown under contract**
Discover a one-of-a-kind investment opportunity with this income-producing fourplex in East Austin, sitting on an MF-3 zoned lot (medium-density multifamily). $5100 monthly rental income, with room to increase rents by ~25%. Lots of upgrades including brand new roof. Desirable townhome-style units enjoy high rental demand and historically had vacancy only during make ready. Two units in the front are 2 bed/1.5 bath, two units in the back are 1 bed/1.5 bath. Each unit has a laundry room with washer and dryer hookups. Back units have spacious backyards, front units have fenced patios. Enjoy phenomenal 9.1% cap rate with market rents, coupled with the incredible appreciation potential of this rapidly gentrifying area.
**Contact agent for rent rolls, pro forma, pictures of all units. 1 unit is vacant and can be shown. Occupied units shown under contract**
Property Details
Price:
$614,999
MLS #:
2024421
Status:
Active
Beds:
0
Baths:
0
Address:
2904 Sweeney LN
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Manor Estates
City:
Austin
Listed Date:
Aug 13, 2024
State:
TX
Finished Sq Ft:
4,060
ZIP:
78723
Lot Size:
7,436 sqft / 0.17 acres (approx)
Year Built:
1972
Schools
School District:
Austin ISD
Elementary School:
Pecan Springs
Middle School:
Bertha Sadler Means
High School:
Northeast Early College
Interior
Appliances
Dishwasher, Dryer, Range
Cooling
Central Air
Fireplaces Total
4
Flooring
Carpet, Tile
Heating
Central
Exterior
Community Features
See Remarks
Exterior Features
None
Other Structures
None
Parking Features
Outside
Roof
See Remarks
Financial
Taxes
$12,199
Map
Community
- Address2904 Sweeney LN Austin TX
- SubdivisionManor Estates
- CityAustin
- CountyTravis
- Zip Code78723
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