100% Occupied, TurnKey 4plex (updated pics to come as owner finishes renovations)
-10 miles from downtown Austin in high demand area. Very few 4plexes available for sale
All 4 units pre-leased. Total Actual Income = $6,800/mo
Unit 1: 2/2 ($1,700) - 12 month lease starts 10/1/2026.
Unit 2: 2/2 ($1,700) - 12 month lease starts 10/1/2026.
Unit 3: 2/2 ($1,700) - 12 month lease starts 10/1/2026.
Unit 4: 2/2 ($1,700) - 12 month lease starts 10/1/2026.
All units completely renovated, included but not limited to: brand new interior paint (walls, trim, frames, baseboards, cabinets), new doors, new trim, new bath vanities, all new quartz kitchen and bath countertops, new sinks, new plumbing faucets, new stainless steel appliances, new fans, new door hardware, new exterior LED lights, new interior fixtures, new cabinet hardware, etc.
New roof July 2026. (architectural shingles with transferrable warranty)
Newly painted fascia, soffit, siding, and consistent landscaping.
2 HVACs are ~5 yrs old. 2 other HVACs ~10 yrs old.
Water heaters ~10 yrs old. No leaks.
Owner will guarantee 100% occupancy at closing.
No immediate maintenance/repairs needed.
Each unit is on separate meters and tenants pay all bills/utilities their own.
No HOA.
All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units)
Operating Expenses of $5,200 represents only annual insurance ($4k) and lawncare/common area electric ($1,200).
Property management company can be put in place for 8%.
Seller is selling property to move money to larger investment.