2303 Cedrick Cove
$725,000
8
4
3,120
3,120
$232
Closed 7/10/23
Description
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...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.
- Listed by Heather Burke • TREC #0764785 • Compass RE Texas, LLC • (512) 575-3644
Property Details for 2303 Cedrick Cove
Subdivision Name
Tanglewood Forest Sec 03
WaterfrontNo
ViewNone
View YNNo
Pets AllowedNegotiable
Parcel Number04282103260000
Tax Lot21
Tax BlockA
LISTING UPDATED: 07/10/2023 04:34 PM
Property Details for 2303 Cedrick Cove
Status | Closed |
---|---|
MLS # | 2170578 |
Days on Market | 51 |
Taxes | $14,442 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1983 |
Lot Size | 0.19 AC / 8,232 SF |
County | Travis County |
Building Information for 2303 Cedrick Cove
Stories2Residences-Year Built1983Building Size-Lot Size0.19 AC / 8,232 SF
Property Information for 2303 Cedrick Cove
Property History for 2303 Cedrick Cove
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2303 Cedrick Cove
Taxable ValueLand$275,000Additions$382,994Total$657,994
Tax Record2022$14,442 ($1,204 / month)
Home Facts
Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtStories2Lot Size8,233 SqFtStyleQuadraplexYear Built1983CountyTRAVISAPN0428210326Fireplace TypeHas Fireplace
Schools near 2303 Cedrick Cove
This home is within Austin Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 12 |
Rating | School | Distance |
---|---|---|
Kocurek Elementary School PublicPK to 5 | ||
Bailey Middle School Public6 to 8 | ||
Akins High School Public9 to 12 | ||
Greenleaf NCC Charter12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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