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- Status: Active
- Property Type: Quadruplex
- County: Travis
- School District: Austin ISD
- Subdivision: Ford Place
- SqFt: 3,086
- $/SqFt: 324.04
- Lot Size: 0.276 acres
- Levels: Multi/Split
- Built: 1949
- Est. Taxes: $19829
- Association/HOA : No
- Waterfront: No
- Private Pool: No
- Heating: Central, Natural Gas
- Cooling: Central Air, Electric
- Interior Features: Bidet, Built-in Features, Ceiling Fan(s), Counter-Granite, Electric Dryer Hookup, Gas Dryer Hookup, Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Kitchen Island, Low Flow Plumbing Fixtures, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Recessed Lighting, Smart Thermostat, Stackable W/D Connections, Storage, Track Lighting, Washer Hookup
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.
- Construction Materials
- Concrete, HardiPlank Type, Blown-In Insulation, Masonite
- Roof
- Composition
- Exterior Features
- Exterior Steps, Lighting, Private Yard
- Green Energy Efficiency
- None
- Pool Features
- None
- Lot Features
- Back Yard, Few Trees, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Trees-Small (Under 20 Ft)
- Patio and Porch Features
- Front Porch, Patio, Porch
- Waterfront Features
- None
- Appliances
- Dishwasher, Disposal, Exhaust Fan, Microwave, Plumbed For Ice Maker, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Washer/Dryer Stacked, Water Heater-Electric, Water Heater-Gas, Tankless Water Heater
- Parking
- Parking Spaces 2
- Garage Spaces None
- Parking Features Driveway
- Community Features
- Curbs, Electronic Payments, Google Fiber, High Speed Internet, Laundry Facility(s), Park, Sidewalks, Storage, Street Lights, Trash Pickup - Door to Door
- Listing ID
- 4427523
Location
Schools
Elementary
Joslin
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Middle School
Covington
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High School
Crockett
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