$999,990
4414 Diane Drive, Austin, TX
5
Beds
2
Baths
3,086
Square feet
0.28
Acres
Ever consider owning both your own home + 3 rental properties that can help you pay your mortgage? This beautiful property has 4 separate living spaces, a main home & 3 apartments. The apartments are currently rented on 2-year leases promising long-term income, & the main home is ready for an owner-occupant, or a new tenant. An owner-occupant in the main home can either continue the long-term leases in the 3 apartments or convert them to short-term rentals when those existing leases expire. 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 ~$82,500 + 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, be they owner-occupants or pure investors.
Facts & Features
ListingFeed | abor |
---|---|
MLS® # | 5085718 |
Price | $999,990 |
Bedrooms | 5 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 3,086 |
Acres | 0.28 |
Year Built | 1949 |
Type | Residential |
Sub-Type | Single Family Residence |
Status | Active |
Community Information
Address | 4414 Diane Drive |
---|---|
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, 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, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, See Remarks, 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 Entrance, RV Hookup |
---|---|
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, Masonite, Concrete |
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 |