2904 Sweeney Lane
$629,000
—
4,060
4,060
$155
Description
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...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. Please follow the offer instructions when submitting offers.
Property Details for 2904 Sweeney Lane
Subdivision Name
Manor Estates
Architectural StyleNone
WaterfrontNo
ViewNone
State Or ProvinceTX
LISTING UPDATED: 10/21/2024 05:04 PM
Property Details for 2904 Sweeney Lane
Status | Active |
---|---|
MLS # | 560324 |
Days on Market | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Quadruplex |
Year Built | 1972 |
Lot Size | 0.17 AC / 7,435 SF |
County | Travis County |
Building Information for 2904 Sweeney Lane
Stories2Year Built1972Building Size-Lot Size0.17 AC / 7,435 SF
Property Information for 2904 Sweeney Lane
Property History for 2904 Sweeney Lane
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 2904 Sweeney Lane
Taxable ValueLand$350,000Additions$320,928Total$670,928
Tax Record2022$13,273 ($1,106 / 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.
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