4416 Campo Verde Dr - Multi-Family FOR SALE


Austin, TX 78749- Sendera
$475,000 USD
4416 Campo Verde Dr, Austin, TX for Sale
$475,000 USD
Multi-Family - FOR SALE
1/29
null | 5.08% Cap Rate

4416 Campo Verde Dr
Austin, TX 78749
Sendera


HIGHLIGHTS

  • Prime Location: 10 minutes to down town
  • Home on Cul-de-Sac
  • Loft can be converted into a 4th Bedroom to increase cash flow
  • Adding an Accessory Dwelling Unit to increase cash flow
  • Soaring living Space
  • Minutes from Whole Foods, Costco + H-E-B

OVERVIEW

South Austin Investment Opportunity: Increase Rental Income with a Fourth Bedroom and Future ADU 4416 Campo Verde Drive, Austin, TX 78749 Positioned in an established South Austin neighborhood, 4416 Campo Verde Drive offers investors an opportunity to acquire a spacious home with immediate rental potential and multiple paths to increase future cash flow. The property currently includes three bedrooms, two-and-a-half bathrooms, multiple living areas, and a large upstairs loft. By enclosing and properly permitting the loft as a fourth bedroom, an investor may be able to increase the home’s rental income without expanding the existing building footprint. The private, fenced backyard may also provide an opportunity to construct a detached accessory dwelling unit, creating a second potential rental stream. Any loft conversion or ADU would be subject to City of Austin regulations, building permits, utility capacity, setbacks, deed restrictions, HOA requirements, and independent feasibility review. Estimated Rental Income: Current three-bedroom configuration: approximately $3,100 to $3,350 per month Potential permitted four-bedroom configuration: approximately $3,450 to $3,650+ per month Potential combined income with a future detached ADU: approximately $4,500+ per month These projections are estimates only. Actual rents will depend on market conditions, construction quality, bedroom permitting, ADU size, final layout, operating expenses, and tenant demand. Property Features: Three bedrooms and two-and-a-half bathrooms Large upstairs loft with potential fourth-bedroom conversion Multiple living and dining areas Dramatic two-story ceilings Open-concept island kitchen Breakfast area and family room Spacious primary suite with ensuite bathroom Large walk-in closet Private, fenced backyard Potential space for a detached ADU Built in 1999 Approximately 0.14-acre lot Investor Strategy: An investor could lease the property in its current condition, convert the loft into a permitted fourth bedroom to increase the primary home’s rental value, and evaluate the backyard for a detached ADU to create an additional income-producing unit. This phased approach may allow the buyer to generate income while pursuing longer-term improvements and increased cash flow. South Austin Location: Approximately 10 minutes from Downtown Austin, with convenient access to MoPac and I-35. Nearby amenities include Costco, H-E-B, Whole Foods, restaurants, shopping, hiking trails, nature preserves, community recreation areas, a lap pool, playgrounds, and neighborhood services. Estimated Property Expenses: Annual property taxes: approximately $9,707 HOA dues: approximately $50 per month Austin ISD Schools Cowan Elementary School Covington Middle School Bowie High School School assignments, rental estimates, development potential, zoning, utilities, property expenses, permits, HOA requirements, deed restrictions, and all property information should be independently verified by the buyer. Contact: Kristen Fojtik, REALTOR® Compass 512.364.1131 kristen.fojtik@compass.com Buyer to independently confirm all information with the City of Austin, the HOA, applicable professionals, and appropriate governmental agencies.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

1

PRICE/UNIT

$475,000

CAP RATE

5.08%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Create Cash Cow adding ADU + 4th Bedroom

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

SF-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Grail NitschLegacy Real Estate & AssociatesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Grail NitschLegacy Real Estate & AssociatesMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.