Photo 1 of 1
$540,000
Sold on 11/08/24
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
12 |
0.00 |
0 |
$8,433 |
1928 |
On the market:
58 days
|
View full details, 15 photos, school info, and price history
Exceptional opportunity in Austin: a well-maintained 4-unit multifamily building available now. This investment property boasts long-term tenants and generates immediate rental income. All units are occupied are 3 bedroom/1 bathroom, including one non-conforming in-law unit. The property is sold as-is; buyers should verify details, including the legality of the basement units. Three primary units produce $4,200 monthly, while the fourth unit, currently rented by the owner's relative, could command $1,500 monthly. An in-law unit brings in $800 per month, and an unfinished second in-law unit offers potential for additional income. The property features two sets of coin-operated laundry machines ($300 monthly income), a 5-car garage, and recent updates including a 6-year-old boiler, hot water heater, and new windows. Owner covers heat and water; tenants pay cooking gas and electricity. Enclosed with wrought iron fencing and equipped with a handicap lift off the back deck, this building is perfect for investors looking to build wealth.
Listing courtesy of Elias Masud, Compass