Following improvements done since purchased in 2013: Replaced Siding, roof, windows, doors, cabinets (B side only), kitchen appliances (B side only) and sprinkler system. A side is leased at $1,475 for 18 months, B side is leased at $1,535 until 11/30/19 (and they have lived there 2+ years) for a total of $3,010/m or $36,120/yr. Lawn service (per the lease) which we pay approx $140/month or $1,680. Taxes were $7557. Ins aprx. $1,000. Total expenses $10,237. Net of $25,883/year on $396,000 is 6.5%. Located in the heart of the hot market of Lakeway, these duplexes are easily rented and the owner has invested significantly to renovate the property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
