Description
Discover the essence of Swede Hill charm in East Austin with this unique triplex property, perfect for investors or those seeking an income-generating opportunity. Built in the 1910s, this property boasts three 1-bedroom, 1-bath units in the main house, each approximately 750 square feet, plus a detached 2-bedroom, 1-bath cottage with a separate fenced yard. **Key Features:** - **Prime Location:** Just blocks from downtown Austin, UT, The Moody Center, and Dell Medical, ensuring consistent rental demand. - **Historic Appeal:** Original longleaf pine and old oak hardwood floors, built-ins, and cedar closets add character and warmth. - **Income Potential:** Current rents are Unit A $1500, Unit B $1200, Unit C $1200, and Unit D $2225. All tenants are on month-to-month leases but are eager to stay. This property is an excellent candidate for redevelopment or can continue as a lucrative rental. With updated plumbing, a 13-year-old roof, and a new electrical system, it's ready for the next owner to step in and enjoy the benefits. **Please Note:** Serious inquiries only. Showings by appointment to avoid disturbing tenants. ---
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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2,956SQFT
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$423$/SQFT
School Information
Description
Discover the essence of Swede Hill charm in East Austin with this unique triplex property, perfect for investors or those seeking an income-generating opportunity. Built in the 1910s, this property boasts three 1-bedroom, 1-bath units in the main house, each approximately 750 square feet, plus a detached 2-bedroom, 1-bath cottage with a separate fenced yard. **Key Features:** - **Prime Location:** Just blocks from downtown Austin, UT, The Moody Center, and Dell Medical, ensuring consistent rental demand. - **Historic Appeal:** Original longleaf pine and old oak hardwood floors, built-ins, and cedar closets add character and warmth. - **Income Potential:** Current rents are Unit A $1500, Unit B $1200, Unit C $1200, and Unit D $2225. All tenants are on month-to-month leases but are eager to stay. This property is an excellent candidate for redevelopment or can continue as a lucrative rental. With updated plumbing, a 13-year-old roof, and a new electrical system, it's ready for the next owner to step in and enjoy the benefits. **Please Note:** Serious inquiries only. Showings by appointment to avoid disturbing tenants. ---
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Based on information submitted to the MLS GRID as of 2024-10-13T00:00:33.41 (date and time MLS GRID Data was obtained).
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