Incredible Investment Opportunity in South Austin!

Four-plex - $359,000 - Unit Mix 1/1.5 & 2/1.5 - 4,048 sq ft - 2305 Mission Hill

*****Note: A similar four-plex in area recently sold for $369,900 or $102.41 per sq ft (3,612 sq ft). This property is being offered at $88.93 per sq ft. *****

This is a great opportunity to invest in a centrally-located Austin property with a great CAP rate. One-bedroom units are easily rented for $800 and two-bedrooms are currently at $900 (one unit set to increase to $950 on 2/1/15).Unit 104 is vacant for showings and updated with new carpet & paint.Other updates include:- new low-flow toilets in all units- bathtub refinished in 1 unit- new sub-floor & vinyl in 2 units- new countertops & backsplash in 2 units- new water heaters in 2 units- electrical outlets upgraded with COHLAR in 3 units- new electrical panel for 1 unitThe roof is metal and pitched, not flat like many other fourplexes in the neighborhood.Each unit has a fenced-in yard with a storage unit & washer/dryer hook-ups.Lot could be fenced in for a private common area.

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