$999,990
4414 Dianne Drive, Austin, TX
3,086
Square feet
0.28
Acres
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.
Facts & Features
ListingFeed | abor |
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MLS® # | 4427523 |
Price | $999,990 |
Bathrooms | 0.00 |
Square Footage | 3,086 |
Acres | 0.28 |
Year Built | 1949 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
Community Information
Address | 4414 Dianne Drive |
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Subdivision | Ford Place |
City | Austin |
County | Travis |
State | TX |
Zip Code | 78745 |
Amenities
Utilities | Above Ground Utilities, Cable Available, Electricity Connected, Fiber Optic Available, Natural Gas Connected, High Speed Internet Available, Phone Available, Sewer Connected, Water Connected |
---|---|
Features | Curbs, Internet Access, Park, Storage Facilities, Street Lights, Sidewalks, Trash Pickup Door to Door, Laundry Facilities |
Parking | Driveway |
View | None |
Is Waterfront | No |
Waterfront | None |
Has Pool | No |
Interior
Interior | Concrete, Laminate, Wood |
---|---|
Appliances | Dryer, Washer/Dryer Stacked, Dishwasher, Exhaust Fan, Electric Water Heater, Free-Standing Gas Range, Disposal, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer |
Heating | Central, Natural Gas |
Fireplace | No |
Fireplaces | None |
Stories | Multi/Split |
Exterior
Exterior Features | Exterior Steps, Lighting, Private Yard |
---|---|
Lot Description | Back Yard, Front Yard, Few Trees, Trees Large Size, Trees Medium Size, Trees Small Size |
Roof | Composition |
Construction | Blown-In Insulation, HardiPlank Type, Concrete, Masonite |
Foundation | Pillar/Post/Pier, Slab, Combination |
School Information
District | Austin ISD |
---|---|
Elementary | Joslin |
Middle | Covington |
High | Crockett |
Additional Information
Foreclosure | No |
---|---|
Short Sale | No |
RE / Bank Owned | No |
Contact Details | 512-913-7480 |