Price $619,000- Current as is value $660k
Perfect Buy And Hold Opportunity for a Fourplex For Sale In Austin, Texas
This fourplex sits right in the middle of South Austin’s Tanglewood Forest neighborhood. These always-occupied units are close to a multitude of restaurants and shopping such as an H-E-B as well as South Park Meadows shopping district further down Slaughter Lane. Quick access to both Mopac and I-35 make for an easy commute anywhere.
This multi family has four units, each with an open living room, two bedrooms, and one bath. In total there are 8 bedrooms, 4 bathrooms across 3120 sqft on a 8276 sqft lot. The building boasts a 2019 roof, sits on a cul-de-sac, has new water heaters and fresh interiors for the newly rented units (A, C, D). This property would make for a great buy-and-hold for cash flow or even househack.
Occupancy:Gross rents are strong at $4350/month and they will only appreciate as South Austin continues its rise in popularity, there is also an opportunity to increase rents as leases expire.
Unit A: $1100/month. Fresh paint, new cabinets, updated for the long-term tenant who just relocated from C –> A.
Unit B: $1075/month. Long-term tenant with pride of ownership.
Unit C: $1100/month. She just moved in and also enjoys the updated unit.
Unit D: $1075. Lease up in a couple months.
I am obtaining the leases for the units. I encourage buyers to drive the neighborhood, obviously please do not disturb the neighbors.
- Agents must add their commission on top of the price
- This is a wholesale assignment contract
- Cash or hard money only
- Buyer to pay all closing costs
- Buyer must be able to close within 21 days
- Selling property As-Is