2904 Sweeney Lane
$614,999
—
4,060
4,060
$151
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
- Listed by Jeffrey McElroy • TREC #0542753 • Real Broker • 512-813-9500
Property Details for 2904 Sweeney Lane
Subdivision Name
Manor Estates
Architectural StyleTraditional
WaterfrontNo
ViewNone
State Or ProvinceTX
LISTING UPDATED: 12/16/2024 05:58 PM
Property Details for 2904 Sweeney Lane
Status | Active |
---|---|
MLS # | 564536 |
Days on Market | 10 |
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$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.
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