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4361 S Congress Ave #104
Austin, TX
78745
** PRICE REDUCED – WE ARE THE LOWEST PRICED QUADPLEX IN AUSTIN BY FAR ** ONE UNIT IS VACANT, TEXT AGENT TO SHOW. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES! **
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 and pictures of all units. Occupied units will be 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 and pictures of all units. Occupied units will be shown under contract.
Property Details
Price:
$615,000
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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2904 Sweeney LN
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