$399,000
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1,912 SqFt
SOLD DATE : 02/01/2022
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,912 sqft
Price per Sqft $214
Subdivision Village South Ph 04-B Sec 02
MLS Listing ID 6363048
Sold Date 02/01/22
Originating Board actris
Year Built 1981
Annual Tax Amount $5,210
Tax Year 2021
Lot Size 7,274 Sqft
Property Description
Back on market due to initial offer not being able to obtain financing. Excellent investment opportunity just South of the booming St. Elmo development district. Current out of state owners have poured tens of thousands of dollars into the remodel, but were unable to finish before the arrival of their twins and now don't have the bandwidth to finish their project. Major expenditures were foundation repair with lifetime transferrable warranty, brand new luxury vinyl plank flooring, significant roof repairs, HVAC replacement. Their loss is your gain. Many great investment strategies here: Get immediate sweat equity by finishing the kitchens and bathrooms for a quick flip, live in one half and rent out the other to live almost for free, rent out both sides for immediate cashflow, or build a condo regime and sell each unit individually for higher returns. Fully renovated units in the area are renting at $1800-2150 a month.
Location
State TX
County Travis
Interior
Interior Features Two Primary Suties, Built-in Features, Ceiling Fan(s), High Ceilings, Laminate Counters, Electric Dryer Hookup, Open Floorplan, Walk-In Closet(s), Washer Hookup
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Number 2
Fireplaces Type Stone
Fireplace Y
Appliance Cooktop, Dishwasher, Exhaust Fan, RNGHD, Refrigerator
Exterior
Exterior Feature None
Garage Spaces 4.0
Fence Back Yard, Front Yard
Community Features Walk/Bike/Hike/Jog Trail(s
Utilities Available Electricity Connected, Natural Gas Connected
Waterfront No
View None
Roof Type Shingle
Accessibility None
Porch Covered
Parking Type Garage
Building
Lot Description Back Yard, Cul-De-Sac, Front Yard, Public Maintained Road
Faces East
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Widen
Middle Schools Mendez
High Schools Akins
School District Austin Isd
Others
Pets Allowed All
Restrictions None
Acceptable Financing Cash, Conventional, FHA, VA Loan
Tax Rate 2.22667
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Pets Description All
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Bought with Texas Urban Realty