$0
- Beds
- 5
- Baths
- 2.0
- sq ft
- 3,086
4414 Diane Dr, Austin, TX 78745
4414 Diane Dr
Austin, TX 78745
- Off market
Ever consider owning both your own home + 3 rental properties that can help you pay your mortgage? This beautiful property has 4 separate living spaces, a main home & 3 apartments. The apartments are currently rented on 2-year leases promising long-term income, & the main home is ready for an owner-occupant, or a new tenant. An owner-occupant in the main home can either continue the long-term leases in the 3 apartments or convert them to short-term rentals when those existing leases expire. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$82,500 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate, be they owner-occupants or pure investors.
Details
Property type
Single Family Residence
Property condition
Updated/Remodeled
Lot size
0.276 acres
Price per sq ft
$325
Year built
1949
Annual property taxes
$19,829
Price History
09/04/2024
Austin #5085718
Removed
05/17/2024
Austin #5085718
Listed
$999,990
Schools & Community
Neighborhood:
South Manchaca
Elementary school:
Joslin
Middle school:
Covington
High school:
Crockett
Community features: Curbs, Park, Sidewalks, Street Lights
Community features:
Curbs, Park, Sidewalks, Street Lights
High school district:
Austin ISD
Status: Off Market
Tomo last checked: 10/05/2024 at 7:40 PM
Listing updated: 06/13/2024 at 12:11 PM
Listed by: Jeffrey Schnabel, Compass RE Texas, LLC Phone #: (512) 575-3644
MLS: Austin #5085718
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