2904 Sweeney LN Austin, TX 78723
Multi-Family (2-4 Units)
MLS #: 5685369
Courtesy Of REAL BROKER LLC
Property InformationDescription
UNIQUE OPPORTUNITY WITH SELLER FINANCING, PRICE REDUCED! CONTACT AGENT FOR DETAILS.
Seller offers short-term financing with 4% interest rate to give the buyer enough time to rehab and refi at a higher value. This alone will save the buyer over $40k+ on hard money points and interest! Plus, we are one of the cheapest priced fourplexes in Austin if you look at all sold comps in the last 1000 days.
2022 roof ($27k spent), the foundation appears to be performing. Spacious town-home style units are always in demand. Back units have spacious fenced yards and back into the greenbelt. Some upgrades in the units, rehab is needed to reach top market rent. Washer and dryer hookups in every unit - not typical for multifam in this neighborhood, huge plus.
This rapidly gentrifying area has incredible appreciation potential. The neighboring 10-unit has already been rehabbed and has great tenants in place. The 10-unit across the street that has been sitting vacant appears to have been finally sold. There couldn't be a better time to buy in this pocket. In addition, the lot is zoned MF-3 (medium-density multifamily), great for future redevelopment.
Seller offers short-term financing with 4% interest rate to give the buyer enough time to rehab and refi at a higher value. This alone will save the buyer over $40k+ on hard money points and interest! Plus, we are one of the cheapest priced fourplexes in Austin if you look at all sold comps in the last 1000 days.
2022 roof ($27k spent), the foundation appears to be performing. Spacious town-home style units are always in demand. Back units have spacious fenced yards and back into the greenbelt. Some upgrades in the units, rehab is needed to reach top market rent. Washer and dryer hookups in every unit - not typical for multifam in this neighborhood, huge plus.
This rapidly gentrifying area has incredible appreciation potential. The neighboring 10-unit has already been rehabbed and has great tenants in place. The 10-unit across the street that has been sitting vacant appears to have been finally sold. There couldn't be a better time to buy in this pocket. In addition, the lot is zoned MF-3 (medium-density multifamily), great for future redevelopment.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Appliances: Dishwasher, Dryer, Range, Washer
- Architecture Style: Other
- Fireplace: Fireplace
- Floor Covering: Carpet, Tile
- Heating System: Central Furnace, Fireplace
- Lot Size: 0.17 Acres
MAP & DIRECTIONS
School Information
2904 Sweeney LN, Austin, TX 78723
Elementary School
Grades EE-5 |
Public School
PECAN SPRINGS ELEMENTARY SCHOOL
Austin, TX 78723
3100 Rogge Ln
512.414.4445
Distance: 0.3 mi
School Rating
D-
Student:Teacher Ratio
11:1
Total Students
266
Middle School
Grades 6-8 |
Public School
MARTIN MIDDLE SCHOOL
Austin, TX 78702
1601 Haskell St
512.414.3243
Distance: 4.8 mi
School Rating
D-
Student:Teacher Ratio
13:1
Total Students
500
High School
Grades 9-12 |
Public School
NORTHEAST EARLY COLLEGE HIGH SCHOOL
Austin, TX 78752
7104 Berkman Dr
512.414.2523
Distance: 1.4 mi
School Rating
D-
Student:Teacher Ratio
14:1
Total Students
1087
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Austin Achieve Middle School | 0.1 mi | Public | 5-8 | D- |
| Sadler Means Ywla | 0.5 mi | Public | 6-8 | D- |
| Texas Empowerment Academy | 0.6 mi | Public | 3-12 | B |
| Blanton Elementary School | 0.7 mi | Public | EE-5 | C+ |
| Andrews Elementary School | 0.8 mi | Public | EE-5 | D- |
| Harris Elementary School | 0.9 mi | Public | EE-5 | D |
| John B. Winn Montessori Elementary School | 1.0 mi | Public | EE-5 | F |
| Munday | 1.0 mi | Public | 7-12 | |
| Greater Calvary Academy | 1.1 mi | Private | KG-5 | |
| Texas Preparatory School - Austin Campus | 1.3 mi | Public | KG-6 | F |
| Austin Achieve Elementary School | 1.3 mi | Public | PK-4 | D+ |
| Austin Achieve High School | 1.3 mi | Public | 9-12 | C- |
| Vista Academy Of Austin-mueller | 1.3 mi | Public | KG-8 | D- |
| Lbj Early College High School | 1.4 mi | Public | 9-12 | D- |
| Lasa High School | 1.4 mi | Public | 9-12 | A |
| Ascent: An Acton Academy | 1.5 mi | Private | PK-5 | |
| The East Austin College Preparatory At Mlk | 1.5 mi | Public | 7-12 | D+ |
| Magnolia Montessori For All | 1.5 mi | Public | PK-6 | C+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Austin, TX 78723
| Median Age: | 35.9 |
|---|---|
| Married: | 36% |
| Number of Households: | 14,658 |
| Households with Children: | 27.9% |
Austin, TX 78723
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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