2904 Sweeney Lane

Austin, TX 78723

$614,999
Price
6
Beds
4
Baths
4
1/2 Baths
4,060 Sq. Ft.
$151 / Sq. Ft.
4,060
Sq. Ft.
$151
per Sq. Ft.

Description

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...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
  1. Listed by Max Son • TREC #0817026 • Brokerage DRE #9003138 • Real
    P: (512)-415-6244 C: (512)-415-6244 mrsonmax@gmail.com

Property Details for 2904 Sweeney Lane

Subdivision Name
Manor Estates
Waterfront
No
Waterfront Description
None
View
Neighborhood
Pets Allowed
Negotiable
Parcel Number
02202114430000
Tax Lot
3
Elementary School
Pecan Springs
LISTING UPDATED: 12/09/2024 09:58 AM

Property Details for 2904 Sweeney Lane

StatusActive
MLS #2024421
Days on Market130
Taxes$12,199 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS Type-
Year Built1972
Lot Size0.17 AC / 7,435 SF
CountyTravis County

Building Information for 2904 Sweeney Lane

Stories2Residences-Year Built1972Lot Size0.17 AC / 7,435 SF

Property Information for 2904 Sweeney Lane

General Information
Parking
  • Garage Spaces: 0
  • Parking Features: Outside
  • Covered Spaces: 0
Interior
  • Interior Features: InteriorSteps
  • Flooring: Carpet, Tile
  • Appliances: Dryer, Dishwasher, Range
  • Fireplace Features: Living Room
  • Laundry Features: MultipleLocations, WasherHookup, DryerHookup
Exterior
  • Exterior Features: None
  • Construction Materials: Frame
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Roof: See Remarks
  • Fencing: Wood
  • Direction Faces: Southwest
  • Window Features: None
  • Accessibility Features: None
  • Community Features: See Remarks
Property Information
Lot Information
  • Lot Features: Cul De Sac
  • Horse: No
Utilities
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Electricity Connected, See Remarks
  • Owner Pays: None
  • Water Source: Public
Unit Information
Unit 1
  • UnitNum: D
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 1
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $1,275.00
  • LeasedYN: No
  • OccupantType: Vacant
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,275.00
  • MonthToMonthYN: No
  • FireplaceYN: Yes
  • Permission: IDX
Unit 2
  • UnitNum: C
  • BedsTotal: 1
  • NumFullBaths: 1
  • NumHalfBaths: 1
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $1,275.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 12-31-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,175.00
  • MonthToMonthYN: No
  • FireplaceYN: Yes
  • Permission: IDX
Unit 3
  • UnitNum: B
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 1
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $1,200.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 10-13-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $2,000.00
  • MonthToMonthYN: No
  • FireplaceYN: Yes
  • Permission: IDX
Unit 4
  • UnitNum: A
  • BedsTotal: 2
  • NumFullBaths: 1
  • NumHalfBaths: 1
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $1,350.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 04-30-2025
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,250.00
  • MonthToMonthYN: No
  • FireplaceYN: Yes
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $670,928
  • Tax Year: 2024
  • Tax Rate: .49%
Showing Information
Showing Information
  • Security Features: None
  • Directions: From 1-35, Go South on Hwy-183. Right on Manor Rd, Left on Sweeney. Property on left.

Property History for 2904 Sweeney Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2904 Sweeney Lane

Taxable ValueLand$200,000Additions$500,000Total$700,000
Tax Record2023$10,166 ($847 / month)
Home Facts
Total Finished SqFt4,060 SqFtAbove Grade Finished SqFt4,060 SqFtStories2Lot Size7,436 SqFtStyleQuadraplexYear Built1972CountyTRAVISAPN0220211443Fireplace TypeHas Fireplace

Schools near 2904 Sweeney Lane

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 7 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Pecan Springs Elementary School
PublicPK to 5

Martin Middle School
Public7 to 8

Northeast Early College High School
Public9 to 12

Sadler Means Ywla
Public6 to 8

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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2904 Sweeney Lane is for sale in Austin, TX 78723. This property was listed for sale on August 13, 2024 by Real, it's currently listed at $614,999. It has been on the market for a total of 130 days and was last sold on January 12, 2021. This listing's school district is Austin Independent School District. Nearby schools include Pecan Springs Elementary School, Martin Middle School and Northeast Early College High School. 2904 Sweeney Lane is a 6-bed, 6-bath, 4,060 sqft built in 1972.

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 Real, Max Son, TREC #0817026

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© 2024 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”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.