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Active Under Contract

Buy a multi-family propertyat 2302 Mission Hill Drive, Austin, TX 78741

$699,000

$0/mo

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Multifamily

4,560 Sq. Ft.

8,498 Sq. Ft. lot

334 Days on market

8172275 MLS ID

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About 2302 Mission Hill Drive multi-family property

Fully rented fourplex for sale in East Riverside! This fourplex offers easy access to many of Austin’s favorite places: Downtown, the airport, Oracle, University of Texas, Tesla HQ, and more. The property is located in Opportunity Zone Tract 23.07. The location also offers tenants convenient access to transportation corridors. Where Mission Hill Drive intersects with Burleson Rd, cyclists can hop on Austin’s ‘High Comfort’ Bike Route which features a protected bike lane with tall, reflective pylons. Only .5miles from nearest Metro Bus Stop. Only 1.7mi bike ride to the proposed new Blue Line Lightrail stop at East Riverside Dr and Pleasant Valley Rd (all development plans include this stop). The Blue Line will connect to the downtown transit center station in all plans, and also to the airport in most plans. Total monthly income is $5,030/mo (and could be higher; units are under-rented; ask agent). 3 units HVACs replaced in 2017; 4th unit hvac replaced 2022. All units electrical panels replaced 2022. Units 101, 102 and 104 remodeled btwn 2018-2020 (about $15-20K value/e.) with new dishwashers, refrigerators, laminate flooring downstairs, and fresh paint throughout. Each unit is 1,140sqft with 2 bedrooms, 1.5 bathrooms and a large laundry room on the main floor. Each unit features a fully fenced, private backyard. Tours ONLY Wednesday mornings or Saturday afternoons; must use agent showing service to schedule.
Fully rented fourplex for sale in East Riverside! This fourplex offers easy access to many of Austin’s favorite places: Downtown, the airport, Oracle, University of Texas, Tesla HQ, and more. The property is located in Opportunity Zone Tract 23.07. The location also offers tenants convenient access to transportation corridors. Where Mission Hill Drive intersects with Burleson Rd, cyclists can hop on Austin’s ‘High Comfort’ Bike Route which features a protected bike lane with tall, reflective pylons. Only .5miles from nearest Metro Bus Stop. Only 1.7mi bike ride to the proposed new Blue Line Lightrail stop at East Riverside Dr and Pleasant Valley Rd (all development plans include this stop). The Blue Line will connect to the downtown transit center station in all plans, and also to the airport in most plans. Total monthly income is $5,030/mo (and could be higher; units are under-rented; ask agent). 3 units HVACs replaced in 2017; 4th unit hvac replaced 2022. All units electrical panels replaced 2022. Units 101, 102 and 104 remodeled btwn 2018-2020 (about $15-20K value/e.) with new dishwashers, refrigerators, laminate flooring downstairs, and fresh paint throughout. Each unit is 1,140sqft with 2 bedrooms, 1.5 bathrooms and a large laundry room on the main floor. Each unit features a fully fenced, private backyard. Tours ONLY Wednesday mornings or Saturday afternoons; must use agent showing service to schedule.

Property details

Appliances and Equipment

Dishwasher

Gas Range

Refrigerator

House

Built in 1968

Stories: 2

4,560 sqft living area

Brick

Masonry

Community

Courtyard

Disclosures

Lead Based Paint Disclosure

Exterior Features

Private Entrance

Private Yard

Fence

Back Yard

Fenced

Full

Wood

Floors

Carpet

Laminate

Linoleum

Vinyl

Foundation

Slab

Garage

8 garage spaces

Heating

Central

Interior Features

Ceiling Fan(s)

Interior Steps

Laminate Counters

Pantry

Walk-In Closet(s)

Laundry

Washer Hookup

Electric Dryer Hookup

Listing

Property Subtype: Quadruplex

Listed on 2023-06-09

Location

County: Travis

Subdivision: Mission Hill Sec 02

Lot

0.1951 acres

Area: 0.1951

City Lot

Level

Near Public Transit

Parking

8 covered spaces

Asphalt

Common

Pets Policy

Negotiable

Possession

Closing & Funding

Property

Resale

Roof

Shingle

Schools

Elementary School: Linder

Elementary School District: Austin ISD

Middle School: Lively

Middle School District: Austin ISD

High School: Travis

High School District: Austin ISD

Sewer

Public Sewer

Taxes

Annual Amount: $15,025

Year: 2023

Utilities

Electricity Connected

Natural Gas Connected

Sewer Connected

Water Connected

Monthly cost

Estimated monthly cost

$5,060/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$657,060

+$20,970

$678,030

Seller agent commission$20,970 (3%)*

$0 (0%)

Buyer agent commission$20,970 (3%)*

$20,970 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $20,970 more selling your home
with an Unreal Estate agent

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State

  • Condos in Texas
  • Real Estate for Sale in Texas

Unreal Estate checked: May 9, 2024 at 10:06 p.m.

Data updated: Jul 14, 2023 at 7:01 p.m.

Property listed by All City Real Estate Ltd. Co 866-277-6005 (866) 277-6005
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Listing Information © 2024. Data courtesy of the Austin Board of REALTORS®. All Rights Reserved.

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