$1,215,000

2904 Pearl Street, Austin, TX

2,892

Square feet

0.19

Acres

Located in the sought-after Heritage neighborhood just blocks from UT campus, this meticulously maintained quadplex presents a lucrative investment opportunity. All four units are currently leased through 7/31/2024, showcasing a history of consistent and effortless leasing each year. Recent substantial investments of over $100,000 have elevated the property's value. Upgrades include a reinforced foundation with adjustable steel beams, new energy-efficient windows with lifetime warranty, and a modern sewer line equipped with a grinder pump for enhanced functionality. The front two units showcase the original charm of the property with hardwood floors and preserved wood trim, reflecting the original architecture. In contrast, the back two units, an addition, feature vaulted ceilings that impart an open and spacious ambiance throughout. Enjoy the abundance of natural light that bathes the entire property, creating a warm and inviting atmosphere. Ample parking is available, including front driveways, side parking, and designated spots in the back alley. A shared coin-operated laundry facility adds convenience for tenants and additional income. Indulge in the serene outdoor spaces, with each unit boasting a covered porch area. The property is thoughtfully landscaped with privacy bamboo, a protective fence, and mature trees encircling the perimeter, providing a tranquil living environment. With three 1/1 units and one 2/1 unit, generating a monthly income of $6205, this quadplex is a sound investment with potential for future growth. The property is zoned MF-2 opening it up for potential future opportunities. Several tenants have already expressed interest in renewing, underlining the property's desirability and stability in the rental market. Don't miss out on this exceptional opportunity for a thriving investment property. Please DO NOT disturb the tenants.

Facts & Features

ListingFeed abor_vow
MLS® # 8653104
List Price $1,215,000
Sale Price $1,032,750
Sale Date May 15th, 2024
Bathrooms 0.00
Square Footage 2,892
Acres 0.19
Year Built 1950
Type Residential Income
Sub-Type Quadruplex
Status Closed

Community Information

Address 2904 Pearl Street
Subdivision Harpers
City Austin
County Travis
State TX
Zip Code 78705

Amenities

Utilities Electricity Available, Electricity Connected, Fiber Optic Available, Sewer Connected, Water Connected
Features Laundry Facilities, Street Lights
Parking Additional Parking, Alley Access, Paved, Shared Driveway
View Neighborhood
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Laminate, Linoleum, Tile, Vinyl, Wood
Appliances Dryer, Dishwasher, Free-Standing Electric Oven, Free-Standing Electric Range, Refrigerator, Washer
Heating Central
Cooling Central Air
Fireplace No
# of Stories 1
Stories One

Exterior

Exterior Features None
Lot Description Level, Trees Large Size
Windows ENERGY STAR Qualified Windows
Roof Shingle
Construction Wood Siding
Foundation Pillar/Post/Pier, See Remarks

School Information

District Austin ISD
Elementary Bryker Woods
Middle O Henry
High Austin

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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