Austin, TX 78744
Peppertree Park Sec 08
Peppertree Park Sec 08
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.