2303 Cedrick Cove

Austin, TX 78748

$725,000
Last List Price
8
Beds
4
Baths
3,120 Sq. Ft.
$232 / Sq. Ft.
3,120
Sq. Ft.
$232
per Sq. Ft.

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.
  1. 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
Waterfront
No
View
None
View YN
No
Pets Allowed
Negotiable
Parcel Number
04282103260000
Tax Lot
21
Tax Block
A
LISTING UPDATED: 07/10/2023 04:34 PM

Property Details for 2303 Cedrick Cove

StatusClosed
MLS #2170578
Days on Market51
Taxes$14,442 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1983
Lot Size0.19 AC / 8,232 SF
CountyTravis County

Building Information for 2303 Cedrick Cove

Stories2Residences-Year Built1983Building Size-Lot Size0.19 AC / 8,232 SF

Property Information for 2303 Cedrick Cove

General Information
Parking
  • Garage Spaces: 0
  • Parking Features: Asphalt, Off Street, Parking Lot
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Main Level Master, Open Floorplan, Storage
  • Flooring: Carpet, Wood
Exterior
  • Exterior Features: Balcony, Playground, Private Entrance
  • New Construction: No
  • Construction Materials: Stone, Stone Veneer, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Balcony
  • Roof: Tile
  • Fencing: Back Yard, Wood
  • Direction Faces: North
  • Window Features: None
  • Accessibility Features: Accessible Stairway
  • Community Features: Playground
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Back Yard, Trees Large Size
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating YN: Yes
  • Heating: Hot Water
  • Sewer: Public Sewer
  • Utilities: Cable Available, Fiber Optic Available, Natural Gas Connected, Water Connected
  • Owner Pays: All Utilities
  • Water Source: Public
Unit Information
Unit 1
  • UnitNum: D
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,265.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 06-30-2023
  • PetDeposit: $.00
  • PetDepositPerPetYN: Yes
  • Deposit: $1,500.00
  • MonthToMonthYN: Yes
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: C
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,462.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 03-31-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,462.00
  • MonthToMonthYN: Yes
  • FireplaceYN: No
  • Permission: IDX
Unit 3
  • UnitNum: B
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,250.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 12-31-2023
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,000.00
  • MonthToMonthYN: Yes
  • FireplaceYN: No
  • Permission: IDX
Unit 4
  • UnitNum: A
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,265.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 06-30-2023
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,000.00
  • MonthToMonthYN: Yes
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $672,848
  • Tax Year: 2022
  • Tax Rate: 2.15%
Showing Information
Showing Information
  • Security Features: None
  • Directions: Head south on Menchaca and turn right on W Slaughter lane and a right on Roxanna Dr and first right on Cedrick Cove. Property is second FourPlex on the left.

Property History for 2303 Cedrick Cove

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass RE Texas, LLC, Heather Burke, TREC #0764785

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2025] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.