4414 Diane DR, Austin, TX 78745 - MLS#5085718

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Ana Morales

ana@purerealty.com +1(737) 500-2845

$999,990

Est. payment - /mo

5 Beds

2 Baths

3,086 SqFt

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UPDATED:

09/04/2024 08:06 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Hold

Purchase Type For Sale

Square Footage 3,086 sqft

Price per Sqft $324

Subdivision Ford Place

MLS Listing ID 5085718

Style 1st Floor Entry

Bedrooms 5

Full Baths 2

Originating Board actris

Year Built 1949

Annual Tax Amount $19,829

Tax Year 2024

Lot Size 0.276 Acres

Lot Dimensions ~ 80' X 150'

Property Description

Ever consider owning both your own home + 3 rental properties that can help you pay your mortgage? This beautiful property has 4 separate living spaces, a main home & 3 apartments. The apartments are currently rented on 2-year leases promising long-term income, & the main home is ready for an owner-occupant, or a new tenant. An owner-occupant in the main home can either continue the long-term leases in the 3 apartments or convert them to short-term rentals when those existing leases expire. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$82,500 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate, be they owner-occupants or pure investors.

Location

State TX

County Travis

Rooms

Main Level Bedrooms 3

Interior

Interior Features Bidet, Built-in Features, Ceiling Fan(s), Granite Counters, Electric Dryer Hookup, Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Recessed Lighting, Stackable W/D Connections, Storage, Track Lighting, Washer Hookup

Heating Central, Natural Gas

Cooling Central Air, Electric

Flooring Concrete, Laminate, Wood

Fireplaces Type None

Fireplace Y

Appliance Dishwasher, Disposal, Exhaust Fan, Gas Range, Instant Hot Water, Microwave, Gas Oven, Plumbed For Ice Maker, Refrigerator, See Remarks, Stainless Steel Appliance(s), Washer/Dryer, Washer/Dryer Stacked, Electric Water Heater, Water Heater, Tankless Water Heater

Exterior

Exterior Feature Exterior Steps, Lighting, Private Entrance, RV Hookup

Fence Chain Link, Full, Wood

Pool None

Community Features Curbs, Google Fiber, High Speed Internet, Laundry Room, Park, Sidewalks, Storage, Street Lights

Utilities Available Above Ground, Cable Available, Electricity Connected, High Speed Internet, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Waterfront No

Waterfront Description None

View None

Roof Type Composition

Accessibility None

Porch Front Porch, Patio, Porch, See Remarks

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Few Trees, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Trees-Small (Under 20 Ft)

Faces East

Foundation Combination, Pillar/Post/Pier, Slab

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Structure Type Concrete,HardiPlank Type,Blown-In Insulation,Masonite

New Construction No

Schools

Elementary Schools Joslin

Middle Schools Covington

High Schools Crockett

School District Austin Isd

Others

Restrictions City Restrictions,Deed Restrictions

Ownership Fee-Simple

Acceptable Financing Cash, Committed Money, Conventional, FHA, FMHA, Texas Vet, VA Loan

Tax Rate 1.8092

Listing Terms Cash, Committed Money, Conventional, FHA, FMHA, Texas Vet, VA Loan

Special Listing Condition Standard

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Listed by Compass RE Texas, LLC

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Ana Morales

+1(737) 500-2845

REALTOR® | License ID: 805621

REALTOR® License ID: 805621