$1,225,000

5402 Avenue F A & B, Austin, TX

2,577

Square feet

0.14

Acres

6-Figure Income Potential: Hurry to submit your offer in for this lucrative investment before high season! Current investor/owner has 3 prospective tenants at $6,500/mo for Side A, for a potential $8,549 monthly income or $102,588 gross annual rent. Low maintenance costs. Price slashed for quick close, well under TCAD appraised value; protest in place before deadline to help your bottom line. Stunning 5/2.5 + 1/1 popular high-end rental in coveted North Loop/North Hyde Park. Convenient to major employers, Apple & MoPac Xpress to whisk past heavy traffic. Walkable to entertainment, Triangle. Current total lease $6,453/mo to 7/31/22; lucrative academic rental option potential $2K/bed/mo. Cashflow plus outstanding appreciation average $200K+/yr in an area of rapid redevelopment w/no vacancy. Good bus lines/bike paths. ~$450/yr maintenance costs. 2 ACs w/warranties for 6+yrs. Austin rents have risen dramatically in the past few months as many highly paid employees move here--feel free to call owner/agent for insights and rent history. Outstanding STR potential; analysis by request from Premier Host owner. Owner will help to secure new lease if desired. Seize this opportunity! Discount for quick close or direct sale from Seller (me) to Buyer (you) for unrepresented buyers. Why would the debt-free owner give up this cash-flow gem? She wants to explore the Berlin market. Bring all reasonable offers! All of you who couldn't make your numbers work: it's time to redo those numbers.

Facts & Features

ListingFeed abor_vow
MLS® # 7723963
List Price $1,225,000
Sale Price $1,200,000
Sale Date July 7th, 2022
Bathrooms 0.00
Square Footage 2,577
Acres 0.14
Year Built 2013
Type Residential Income
Sub-Type Duplex
Status Closed

Community Information

Address 5402 Avenue F A & B
Subdivision Highlands
City Austin
County Travis
State TX
Zip Code 78751

Amenities

Utilities Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
Features Storage Facilities, See Remarks
Parking Detached, Garage, Off Street, Private, Garage Faces Rear, See Remarks, Electric Vehicle Charging Station(s)
# of Garages 2
Garages Garage Door Opener
View City
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Concrete, See Remarks, Tile, Wood
Appliances Dryer, Washer/Dryer Stacked, Dishwasher, Free-Standing Gas Range, Gas Cooktop, Disposal, Gas Water Heater, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator, See Remarks, Stainless Steel Appliance(s), Tankless Water Heater, Washer
Heating Central, Natural Gas
Cooling Central Air, Multi Units, Separate Meters, See Remarks
Fireplace No
Fireplaces None
# of Stories 2
Stories Two

Exterior

Exterior Features Lighting, Private Entrance, Private Yard, See Remarks
Lot Description Alley, Back Yard, Front Yard, Moderate Trees, Private, Sprinklers Automatic
Windows Blinds, See Remarks
Roof Composition
Construction HardiPlank Type
Foundation Slab

School Information

District Austin ISD
Elementary Reilly
Middle Lamar (Austin ISD)
High McCallum

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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