Wilder Realty LLC
This listing was posted on Wilder Realty LLC (via ListedBuy).
$1,700,000
1505 & 1509 Oreilly Ct, Austin, TX 78734 - MLS 3960497
Price:
$1,700,000
Location:
1505 & 1509 Oreilly Ct, Austin, TX
Description:
Investment Opportunity in Austin, Texas - Cash Flow Real Estate with Value-Add Potential Welcome, investors! This property in Austin, Texas offers excellent cash flow and value-add potential. Spanning 2.6 acres across 2 lots, it includes a 4-plex, duplex, commercial shop, tiny house, and yurt near highway 620. The tiny house and yurt generated $88k as short-term saleals last year, offering an oasis with hot tubs, a sauna, and a creek. The 4-plex has two 2/1 units and two 1/1 units, unit d was recently updated and is saleing for $1,300. The duplex consists of two 2-bedroom/1-bathroom units. Unit B has undergone a complete remodel, featuring new paint inside and outside, new flooring, cabinets, countertops, appliances, shower, vanities, toilet, interior doors, plugs and switches, and light fixtures. This unit can be saleed on a long-term basis for $1,695 per month or can be a valuable addition to the short-term saleal market, projected to generate $3,000 to $4,000 monthly due to its serene wooded surroundings. The commercial shop spans 2,112 square feet and offers a full kitchen, bathroom, and loft room. Equipped with two large garage doors, it is currently leased for $2,200 per month. The property includes two septics and a water well with multiple storage tanks, ensuring ample resources. Additionally, the property has access to Water District 17 water. Situated just outside of Lakeway and within the ETJ of Austin, this property presents numerous possibilities. With no HOA or restrictions, and surrounded by commercial businesses, you have the freedom to explore various potential uses. One of the owners is a licensed Real Estate Broker in the state of Texas 2022 financials: Gross revenue $180k (Two vacancy remodels). 2023 projected gross: $205k. NOI: $110k. Cap rate: 6.47%. Don't miss this cash flowing value-add opportunity in Austin, Texas. Contact us to learn more. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
7,519 sq. ft.
Amenities:
Parking, Storage
For sale by:
Agent/Broker
Agent Name:
Wilder Realty LLC
Posted:
October 2 2023 on ListedBuy
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More About this Listing: 1505 & 1509 Oreilly Ct, Austin, TX 78734 - MLS 3960497
1505 & 1509 Oreilly Ct, Austin, TX 78734 - MLS 3960497 is a Multi-Family Real Estate for Sale at 1505 & 1509 Oreilly Ct in Austin TX. Find other listings like 1505 & 1509 Oreilly Ct, Austin, TX 78734 - MLS 3960497 and listings near 1505 & 1509 Oreilly Ct by searching Oodle Classifieds for Multi-Family Real Estate for Sale in Austin TX.
1505 & 1509 Oreilly Ct, Austin, TX 78734 - MLS 3960497 is a Multi-Family Real Estate for Sale at 1505 & 1509 Oreilly Ct in Austin TX. Find other listings like 1505 & 1509 Oreilly Ct, Austin, TX 78734 - MLS 3960497 and listings near 1505 & 1509 Oreilly Ct by searching Oodle Classifieds for Multi-Family Real Estate for Sale in Austin TX.