Property Description

Located in the sought-after Heritage neighborhood just blocks from UT campus, this meticulously maintained quadplex presents a lucrative investment opportunity. All four units are currently leased through 7/31/2024, showcasing a history of consistent and effortless leasing each year.rnRecent substantial investments of over $100,000 have elevated the property’s value. Upgrades include a reinforced foundation with adjustable steel beams, new energy-efficient windows with lifetime warranty, and a modern sewer line equipped with a grinder pump for enhanced functionality.rnThe front two units showcase the original charm of the property with hardwood floors and preserved wood trim, reflecting the original architecture. In contrast, the back two units, an addition, feature vaulted ceilings that impart an open and spacious ambiance throughout.rnEnjoy the abundance of natural light that bathes the entire property, creating a warm and inviting atmosphere. Ample parking is available, including front driveways, side parking, and designated spots in the back alley. A shared coin-operated laundry facility adds convenience for tenants and additional income.rnIndulge in the serene outdoor spaces, with each unit boasting a covered porch area. The property is thoughtfully landscaped with privacy bamboo, a protective fence, and mature trees encircling the perimeter, providing a tranquil living environment.rnWith three 1/1 units and one 2/1 unit, generating a monthly income of $6205, this quadplex is a sound investment with potential for future growth. The property is zoned MF-2 opening it up for potential future opportunities. Several tenants have already expressed interest in renewing, underlining the property’s desirability and stability in the rental market. Don’t miss out on this exceptional opportunity for a thriving investment property. Please DO NOT disturb the tenants.

Features
: Central
: Central Air
: Fenced
: Neighborhood
: Front Porch, Deck, Side Porch
: Dishwasher, Refrigerator, Washer/dryer, Free-standing Electric Oven, Free-standing Electric Range
: Street Lights, Laundry Facility(s)
0
: Tile, Vinyl, Wood, Linoleum, Laminate
0
: Breakfast Bar, Primary Bedroom On Main, Vaulted Ceiling(s), Granite Counters, Laminate Counters
: Level, Trees-large (over 40 Ft)
: Additional Parking, Paved, Alley Access, Shared Driveway
: Shingle
: Public Sewer
: Electricity Connected, Internet-fiber, Water Connected, Sewer Connected
Address Map
US
TX
Travis
Austin
78705
2904 Pearl ST, Austin TX 78705
0
W98° 15' 13''
N30° 17' 51.9''
Se
From I -35 exit 38 1/2th Street and head west on 38 1/2th street. Turn left on N Lamar and head south. Turn Left on 30th st and head east. Turn right on Pearl st and head south. Property will be on the Right.
Harpers
MLS Addon
eXp Realty, LLC
Julie Hutchison
: Wood Siding
Bryker Woods
: See Remarks, Pillar/post/pier
Austin
: One
757363
702963
O Henry
1
: Standard
$17,045
: Public
Austin ISD
Austin ISD
Austin ISD

Residential Income For Sale

2904 Pearl ST, Austin TX 78705, Austin, Texas 78705

2,892 Sqft
$1,275,000
Listing ID #8653104
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 8653104
Price : $1,275,000
Square Footage : 2,892 Sqft
Year Built : 1950
Lot Area : 8,119.58 Sqft
Status : Active
Property SubType : Quadruplex