***PENDING SALE*** ACCEPTING BACK-UP OFFERS UNTIL 5:00 PM SUNDAY, FEB 7th It is very difficult (if not impossible) to find a 3-3 condo in Central Austin in this price range, let alone a condo that provides excellent cash flow, so this unit is ideal for an investor or parent who is seeking free housing for their UT student. Converted from a 2-2 to a 3-3 with a full renovation in 2012. In excellent condition. Sold fully furnished. Includes all furniture and appliances. IKEA bathrooms and furniture. Flat screen TV. Memory foam beds. Washer/dryer in unit. One bed/bath up and 2 downstairs. Downstairs bedrooms share a nice covered patio (this patio could be converted into another living area or two large closets). LowHOA fee ($157.30) and reasonable taxes generate an attractive 10% cap rate. Fully leased thru August 15th. Two reserved parking spots convey with this unit. (Spill-over parking spots are available on the adjacent side street.) Very short walk to bus line, e-z ride to campus. This complex is not warrantable due to the number of units being rented vs owner occupied so you will need a flexible mortgage lender or cash to purchase. No Seller Agents, please. 3% Paid to Buyer Agent.
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.
