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$ 598,000
Est. payment | /mo
8 Beds
10 Baths
4,060 SqFt
$ 598,000
Est. payment | /mo
8 Beds
10 Baths
4,060 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $147
Bedrooms 8
Full Baths 8
Half Baths 4
Lot Size 7,434 Sqft
Property Description
Discover a one-of-a-kind investment opportunity with this income-producing fourplex in East Austin, sitting on an MF-3 zoned lot (medium-density multifamily). The fourplex is fully occupied with room to increase rents by ~25%. With current rental income, this property boasts a solid 6.3% cap rate (9.1% pro forma cap rate) coupled with the incredible appreciation potential of this rapidly gentrifying area.
Location
State TX
County Travis
Listed by Max Son • McElroy Property Group
Nearby Locations
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