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2904 Sweeney Lane
Austin, TX 78723
0 Beds
0 Baths
4,060 sq ft
MLS 560324
MLS 560324
Beds
Baths
Sq Ft
** ONE UNIT IS VACANT, TEXT AGENT TO SHOW. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES! ** 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 and pictures of all units. Occupied units will be shown under contract. Please follow the offer instructions when submitting offers.
On the market for 18 days
Multi-Family built in 1972
$155 per sq ft
No Pool
Summary of the property details
Sq. Ft:
4,060
Stories:
2
Style:
Quadruplex
Year Built:
1972
County:
Travis
Last updated Nov 5, 2024
Parking, utilities, etc for the listing
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Year Built:
1972
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Homes similar to 2904 Sweeney Lane are listed between $150,000 and $562,850 at and average of $152 per square foot.
