4414 Diane Drive
$999,990
3
5
3,086
3,086
$324
Listed By Compass
Description
This beautiful property has 4 separate living spaces, a main home & 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$83,100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290...This beautiful property has 4 separate living spaces, a main home & 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$83,100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate. Leave as long-term leases, or convert to short term rentals with the new City of Austin position on accepting non-owner occupied STRs.
Property Details for 4414 Diane Drive
Subdivision Name
Ford Place
WaterfrontNo
Waterfront DescriptionNone
Water Access DescriptionNone
ViewNone
View YNNo
Pets AllowedNegotiable
Parcel Number4414DianeQuadPlex
LISTING UPDATED: 09/30/2024 01:16 PM
Property Details for 4414 Diane Drive
Status | Active |
---|---|
MLS # | 4427523 |
Days on Market | 187 |
Taxes | $20,635 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quadruplex |
Year Built | 1949 |
Lot Size | 0.28 AC / 12,022 SF |
County | Travis County |
Buyer's Agent Compensation | 3% |
Building Information for 4414 Diane Drive
Stories-Residences-Year Built1949Building Size-Lot Size0.28 AC / 12,022 SF
Property Information for 4414 Diane Drive
Property History for 4414 Diane Drive
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 4414 Diane Drive
Taxable ValueLand$450,000Additions$614,545Total$1,064,545
Tax Record2022$10,992 ($916 / month)
Home Facts
Beds1Total Finished SqFt1,041 SqFtAbove Grade Finished SqFt1,041 SqFtStories1Lot Size12,031 SqFtStyleSingle Family ResidenceYear Built1949CountyTRAVISAPN0409100707
Schools near 4414 Diane Drive
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 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Joslin Elementary School PublicPK to 5 | ||
Covington Middle School Public6 to 8 | ||
Crockett High School Public9 to 12 | ||
Richards School For Young Women Leade Public6 to 12 |
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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