2904 Sweeney Lane

Austin, TX 78723

$614,999
Price
Beds
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 Jeffrey McElroy • TREC #0542753 • Real Broker • 512-813-9500

Property Details for 2904 Sweeney Lane

Subdivision Name
Manor Estates
Architectural Style
Traditional
Waterfront
No
View
None
State Or Province
TX
LISTING UPDATED: 12/16/2024 05:58 PM

Property Details for 2904 Sweeney Lane

StatusActive
MLS #564536
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Quadruplex
Year Built1972
Lot Size0.17 AC / 7,435 SF
CountyTravis County

Building Information for 2904 Sweeney Lane

Stories2Year Built1972Building Size-Lot Size0.17 AC / 7,435 SF

Property Information for 2904 Sweeney Lane

Summary
Location and General Information
  • Direction Faces: Southwest
  • Directions: From 1-35, Go South on Hwy-183. Right on Manor Rd, Left on Sweeney. Property on left.
  • Elementary School: Pecan Springs Elementary School
  • Elementary School District: Austin ISD
  • Lake Name: None
  • Middle Or Junior School District: Austin ISD
  • High School: Northeast Early College
  • High School District: Austin ISD
  • Road Surface Type: Concrete
  • Major Change Type: NewListing
Parking
  • Carport Spaces: 0
  • Garage: No
  • Garage Spaces: 0
Taxes and HOA Information
  • Association: No
Property
Lot Information
  • Lot Features: CulDeSac, LessThanQuarterAcre
  • Parcel Number: 217263
  • Living Area Source: Appraiser
Property and Assessments
  • Construction Materials: Frame
  • Human Modified: Yes
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Property Condition: Resale
  • Spa: No
  • Stories: 2
  • Year Built Source: PublicRecords
Utilities
  • Cooling: CentralAir
  • Cooling: Yes
  • Electric On Property: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: PublicSewer
  • Utilities: AboveGroundUtilities, ElectricityAvailable
Interior and Exterior Features
Exterior Features
  • Fencing: Wood
  • Foundation Details: Slab
  • Pool Features: None
  • Roof: Other, SeeRemarks
  • View: No
  • Water Body Name: None
Interior Features
  • Appliances: Dryer, Dishwasher, ElectricRange, Range
  • Fireplace Features: LivingRoom
  • Fireplace: Yes
  • Fireplaces Total: 4
  • Flooring: Carpet, Tile
  • Laundry Features: InUnit
  • Levels: Two
Multi Family
Unit 1
  • Unit Type Description 1: 1
  • Unit Type Baths Total 1: 2.0
  • Unit Type Beds Total 1: 1.0
Unit 2
  • Unit Type Description 2: 1
  • Unit Type Actual Rent 2: 1275.0
  • Unit Type Baths Total 2: 2.0
  • Unit Type Beds Total 2: 1.0
Unit 3
  • Unit Type Description 3: 1
  • Unit Type Actual Rent 3: 1200.0
  • Unit Type Baths Total 3: 2.0
  • Unit Type Beds Total 3: 2.0
Unit 4
  • Unit Type Description 4: 1
  • Unit Type Actual Rent 4: 1350.0
  • Unit Type Baths Total 4: 2.0
  • Unit Type Beds Total 4: 2.0

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 a single family home for sale in Austin, TX 78723. This property was listed for sale on December 12, 2024 by Real Broker, it's currently listed at $614,999. It has been on the market for a total of 10 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 0-bed, 0-bath, 4,060 sqft single family home 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 Broker, Jeffrey McElroy, TREC #0542753

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.