Homes for Sale in AustinSmart Austin Realty - Austin Home Search
4905 Merritt Circle Austin, TX 78744
Monthly Payment (Est.)$3,878
Excellent updated quadplex in up and coming location. Solid earner. Units are at below market rent yet still bringing in more than $50, 000/yr. Units have been renovated to varying degrees, are professionally managed and maintained. Two units fully renovated a few years ago - new cabinets, appliances, counter tops, fixtures, doors, updated flooring. Other two units have various updates, all are well kept. Massive backyards for the lower units will demand a premium. One tenant on a mo to mo lease, two leases expiring in fall presents an immediate opportunity to bring the units up to market rate. Pro-forma gross rents are closer to $60, 000/ year (buyer to verify) creating the opportunity for 20%+/- increase in gross rents in less than a year. A solid and stable long term income position.
|a week ago||Listing updated with changes from the MLS|
|a week ago||Listing first seen online|
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Data last update - 2023-06-04 11:25 PM CDT
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