$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 |