4414 Diane Drive

Austin, TX 78704

$999,990
Price
3
Beds
5
Baths
3,086 Sq. Ft.
$324 / Sq. Ft.
3,086
Sq. Ft.
$324
per Sq. Ft.

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.

Listing Agent

  1. Jeffrey Schnabel

    Jeffrey Schnabel

    Listing Agent

    Compass

    TREC #0550827

Property Details for 4414 Diane Drive

Subdivision Name
Ford Place
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
None
View YN
No
Pets Allowed
Negotiable
Parcel Number
4414DianeQuadPlex
LISTING UPDATED: 09/30/2024 01:16 PM

Property Details for 4414 Diane Drive

StatusActive
MLS #4427523
Days on Market187
Taxes$20,635 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1949
Lot Size0.28 AC / 12,022 SF
CountyTravis County
Buyer's Agent Compensation3%

Building Information for 4414 Diane Drive

Stories-Residences-Year Built1949Building Size-Lot Size0.28 AC / 12,022 SF

Property Information for 4414 Diane Drive

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 2
  • Parking Features: Driveway
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Bidet, Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, Granite Counters, In-Law Floorplan, Kitchen Island, Low Flow Plumbing Fixtures, Multiple Living Areas, Multiple Dining Areas, Main Level Master, Recessed Lighting, Smart Thermostat, Track Lighting, High Speed Internet, Storage, Workshop
  • Flooring: Concrete, Laminate, Wood
  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Exhaust Fan, Electric Water Heater, Free-Standing Gas Range, Disposal, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer
  • Fireplace: No
  • Fireplaces Total: 0
  • Fireplace Features: None
  • Laundry Features: Common Area, Laundry Room, Multiple Locations, Washer Hookup, Dryer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Stacked
  • Restrictions: City Restrictions, Deed Restrictions
Exterior
  • Exterior Features: Exterior Steps, Lighting, Private Yard
  • New Construction: No
  • Construction Materials: Blown-In Insulation, HardiPlank Type, Masonite, Concrete
  • Foundation Details: Combination, Pillar/Post/Pier, Slab
  • Patio And Porch Features: Front Porch, Patio, Porch
  • Roof: Composition
  • Fencing: Chain Link, Full, Wood
  • Direction Faces: East
  • Window Features: Blinds, Bay Window(s), Double Pane Windows, ENERGY STAR Qualified Windows, Screens, Vinyl
  • Accessibility Features: None
  • Community Features: Curbs, Internet Access, Laundry Facilities, Park, Storage Facilities, Street Lights, Sidewalks, Trash Pickup Door to Door
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Back Yard, Front Yard, Few Trees, Trees Large Size, Trees Medium Size, Trees Small Size
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Electric
  • Heating YN: Yes
  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Cable Available, Electricity Connected, Fiber Optic Available, Natural Gas Connected, High Speed Internet Available, Phone Available, Sewer Connected, Water Connected
  • Owner Pays: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Pest Control, Roof Maintenance, Taxes
  • Water Source: Public
Unit Information
Unit 1
  • UnitNum: 2B
  • BedsTotal: 0
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,525.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 04-30-2026
  • PetDeposit: $300.00
  • PetDepositPerPetYN: Yes
  • Deposit: $1,500.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: 2A
  • BedsTotal: 0
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,100.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 05-31-2026
  • PetDeposit: $.00
  • PetDepositPerPetYN: Yes
  • Deposit: $1,100.00
  • MonthToMonthYN: Yes
  • FireplaceYN: No
  • Permission: IDX
Unit 3
  • UnitNum: 1B
  • BedsTotal: 0
  • NumFullBaths: 1
  • NumHalfBaths: 0
  • BathsTotal: 1
  • Furnished: Unfurnished
  • ActualRent: $1,250.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 04-30-2026
  • PetDeposit: $.00
  • PetDepositPerPetYN: Yes
  • Deposit: $1,250.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 4
  • UnitNum: 1A
  • BedsTotal: 3
  • NumFullBaths: 2
  • NumHalfBaths: 0
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $3,050.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 06-30-2026
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $2,250.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $1,042,233
  • Tax Year: 2024
  • Tax Rate: 1.98%
Showing Information
Showing Information
  • Security Features: Security System Owned, Building Security, Closed Circuit Camera(s), Fire Alarm, Smoke Detector(s), Security Lights, Varies By Unit
  • Directions: From IH35 driving west on HWY 71/290 exit to Menchaca, turn left on Menchaca 1 block south of Ben White, turn left on Redd, continue to Diane Dr. Turn left, last house on left.

Property History for 4414 Diane Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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4414 Diane Drive is a multi-family home for sale in Austin, TX 78704. This property was listed for sale on May 18, 2024 by Compass, it's currently listed at $999,990. This listing's school district is Austin Independent School District. Nearby schools include Joslin Elementary School, Covington Middle School and Crockett High School. 4414 Diane Drive is a 3-bed, 5-bath, 3,086 sqft multi-family home built in 1949.

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.

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.