$500,000
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1,777 SqFt
SOLD DATE : 04/12/2024
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,777 sqft
Price per Sqft $279
Subdivision Village At Walnut Creek Ph 2
MLS Listing ID 9407776
Sold Date 04/12/24
Originating Board actris
Year Built 1984
Tax Year 2023
Lot Size 7,230 Sqft
Property Description
Seize the opportunity to own a promising property in the thriving market of Austin, TX. Located at 12219 Tyson Cove, this property presents a lucrative investment for both short-term gains and long-term appreciation.
Property Highlights:
Strategic Location: Nestled in the heart of Austin, this property benefits from its proximity to major tech hubs, bustling commercial areas, and renowned educational institutions. Only minutes from the Domain and Q2 Stadium!
Versatile Potential: Whether you're looking to develop, rent, or flip, this property offers a canvas for a variety of investment strategies.
Solid Structure: Boasting a robust build, the property requires minimal initial investment for renovation or upgrades.
Financial Prospects:
High Rental Demand: With Austin's growing population and booming economy, rental demand in the area is on the rise, promising attractive rental yields. Great opportunity for a new investor as one side is currently lease leaving only one side vacant.
Appreciation Potential: Situated in a rapidly developing neighborhood, the property is poised for significant value appreciation in the coming years.
Key Features:
The property features a duplex with 2 bedrooms and 2 bathrooms in each unit, offering ample space for various tenant demographics.
Includes functional amenities like a kitchen, a spacious living area, and a private backyard.
Ample parking space and easy access to public transportation enhance its rental appeal.
Investor-Friendly Community:
The neighborhood is known for its investor-friendly environment, with numerous successful investment properties and an active local investor community for networking and support.
Conclusion:
This property represents not just a property, but a strategic investment opportunity in one of the country's fastest-growing cities. With its combination of location, potential, and financial prospects, it's an ideal acquisition for an investor.
#Realestateinvestment #duplex
Location
State TX
County Travis
Interior
Interior Features Ceiling Fan(s), Primary Bedroom on Main, Walk-In Closet(s)
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Laminate, Linoleum
Fireplaces Number 2
Fireplaces Type Family Room, Masonry
Fireplace Y
Appliance Cooktop, Dishwasher, Microwave, Free-Standing Range, Free-Standing Gas Range, Refrigerator
Exterior
Exterior Feature Private Yard
Garage Spaces 2.0
Fence Back Yard, Fenced, Privacy, Wood
Pool None
Community Features None
Utilities Available Electricity Available
Waterfront Description None
View None
Roof Type Composition
Accessibility None
Porch None
Total Parking Spaces 6
Building
Lot Description Back Yard, Few Trees
Faces Northwest
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick Veneer,Frame
New Construction No
Schools
Elementary Schools Pillow
Middle Schools Burnet (Austin Isd)
High Schools Anderson
School District Austin Isd
Others
Pets Allowed Negotiable
Restrictions City Restrictions,Zoning
Acceptable Financing Buyer Assistance Programs, Cash, Conventional, 1031 Exchange, FHA, FMHA, VA Loan
Tax Rate 1.9749
Listing Terms Buyer Assistance Programs, Cash, Conventional, 1031 Exchange, FHA, FMHA, VA Loan
Special Listing Condition Standard
Pets Allowed Negotiable
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