Austin Texas - 4-Plex with $3,600 a month in total rents listed for $350,000. 2017 County Tax Value is $394,713. Located in North Austin Texas 78757 zip code in Wooten Terrace subdivision near the corner of 183 and Payton Gin Rd in North Austin. 2,200 total square feet on a 0.188-Acre Lot. Great central location close to shopping malls, dining, entertainment, and major highways. Minutes to The Domain and J.J. Pickle Research Campus at The University of Texas. Ample parking spaces. All applicances convey including refrigerators. There are no washer/dryer hook-ups inside any of the units. Roof replaced in 2014.
Rent Roll:
Unit A: $800/month, exp on 09/30/18. 1 bedroom, 1 bath.
Unit B: $1,000/month, exp on 12/31/18. 2 bedroom, 1 bath.
Unit C: $800/month, exp on 12/31/18. 1 bedroom, 1 bath.
Unit D: $1,000/month, exp on 07/31/18. 2 bedroom, 1 bath.
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Located in one of Austin's most reasonably priced North Austin zip codes 78757. This 4-Plex is conveniently located near major highways and tollways for commuting ease in all directions. Only 7 miles from UT's main central campus and downtown Austin. This 4-Plex is located near many major employers: Samsung's main Parmer Lane plant, Apple's new mega-campus, the IBM main campus, Dell's main campus, and the Applied Materials main campus and all the various Tech Ridge employers and Tech Ridge shopping centers as well. It is also close to North Lamar and Burnet shopping and eateries, the University of Texas Pickle Research Center, Walnut Creek Park, Austin Community College Northridge Campus, and The Domain high-density office, retail, and residential center. Good for both cash flow and appreciation potential. Rents are steadily increasing in this area.
Financial Summary:
List Price is $350,000.
$3600 per month in total rents.
Insurance is $150 per month.
$728 a month in taxes.
$200 a month for the property manager.
Tenants pay electric utilities (seperate meters).
Landlord pays water and gas of $275 per month.
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