2904 Sweeney Ln, Austin, TX 78723-3649
2904 Sweeney Ln, Austin, TX 78723-3649
2904 Sweeney Ln, Austin, TX 78723-3649
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$598,000
Est. payment /mo
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8 Beds
10 Baths
4,060 SqFt
Active

2904 Sweeney Ln Austin, TX 78723-3649

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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

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2904 Sweeney Ln