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1914 Hearthstone DR Austin, TX 78757
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,620 sqft
Price per Sqft $242
Subdivision Wooten Terrace Sec 03
MLS Listing ID 8035747
Year Built 1969
Annual Tax Amount $9,162
Tax Year 2021
Lot Size 8,189 Sqft
Property Sub-Type Quadruplex
Property Description
Text listing agent for video walkthrough of each unit. Great opportunity to own a fully leased fourplex in North Central Austin! This property has been significantly renovated since the last lease was signed, so there is plenty of opportunity to raise rents (Unit A just renewed their lease at $1,000/month). These renovations include: new fencing (Units B now has a private backyard), new cedar siding, exterior paint, sewer line replacement, total kitchen remodel (Units A & D), total bathroom remodel (Units A & D), new floors (Units A & D), new light fixtures (Units A & D), and new trim (Units A & D). Current rents are $1,000 (Unit A: 1br/1ba), $1,125 (Unit B: 2br/1ba), $1,150 (Unit C: 2br/1ba), and $895 (Unit D: 1br/1ba) with no trouble collecting rent and all tenants current. With the increase in rental rates and recent property upgrades, market rents should total $4,600-$5,000/month. Excellent location with easy access to Highway 183 & Burnet Rd. Just minutes from Shopping, Restaurants, and Entertainment like the Domain, Hopdoddy's, Austin Beerworks, Walnut Creek, and the new Austin FC Stadium. Excellent professional Property Management already in place with Tower Property Management for easy transition to new owner.
Location
State TX
County Travis
Area 2
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air, Wall/Window Unit(s), Other
Flooring Tile
Exterior
Exterior Feature Private Entrance, See Remarks
Fence Back Yard, See Remarks
Community Features See Remarks
Utilities Available See Remarks
View See Remarks
Roof Type Composition
Building
Lot Description Back Yard
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Cedar,Wood Siding
New Construction No
Schools
Elementary Schools Wooten
Middle Schools Burnet (Austin Isd)
High Schools Navarro Early College
School District Austin Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Allowed All
Read Less
Bought with Master Key Real Estate
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