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Austin Texas Quadplex $629k

2904 Sweeney Ln, Austin
ROI
11.51% IRR
Strategy
Long Term Rental
Excellent price on this Austin quadplex. It's very rare to see a break-even quad in the Austin market anymore. 2024 tax assessed value is $700k. Currently 3 of the 4 units are rented. Perfect scenario for a househacker or long term buy/ hold investor. There are (2) 1 bed, 1.5 bath units and (2) 2 bed, 1.5 bath units. Leases expire 10/2024, 12/2024, 04/2025. Market rate is $1350 per 2 bedroom and $1200 per 1 bedroom. Taxes $12198.

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Austin Texas Quadplex $629k

Listed 10/23/2024

2904 Sweeney Ln, Austin

Purchase Price:$629,000

Cash Outlay:$169,830

Cashflow:$12/mo

Cap Rate:5.71%

IRR:11.51%

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