Active

7402 Geneva DR

Austin TX, 78723

$825,000


$403.62 per sqft

Active

2,044 sqft

Multi-family

Built in 1985

Great income producing investment duplex in coveted University Hills, ideally situated next to major highways IH-35, Highway 183 and 290 sitting on over a quarter acre and a Low Tax Rate of 1.9%. Earnings 2023 = $45,000. Can also be an AIRBNB with City Approval. 5% down if you plan to live in one unit and rent the other one out. Enjoy ownership of this 4 bedroom 4 bathrooms 2 laundry rooms and 2 car garage duplex in an established neighborhood with mature trees and parks perfect for families, with a deck overlooking Walnut Creek perfect for entertaining and relaxing while enjoying the outdoors. Recent renovations include roof replacement, updates to the bathrooms and laundry rooms and a new AC unit. Just under 10 minutes to downtown Austin, UT, Austin Community College, Domain in North Austin giving you a variety of restaurants and shopping options, Austin FC Stadium and major tech company employers. For a savvy investor this positive cashflow property offers a promising opportunity to make your own interior cosmetic updates for instant value add and rent increases in this quiet family neighborhood with no HOA and a ton of new construction development. The property has 2 leased Units with long-term tenants and leases end in March 2024 and July 2024: Unit A (2-2, separate Laundry Room + 1 car garage) & unit B (2-2, separate Laundry Room + 1 car garage). Don't Miss Out! Lenders available.

2220916

MLS ID

March 3, 2024

Listed

March 16, 2024

Updated

Map

7402 Geneva DR
Austin TX, 78723

Interior Features

Total Stories

1


Interior Features

2 Primary Baths, 2 Primary Suites, Breakfast Bar, Quartz Counters, Electric Dryer Hookup, Open Floorplan, Primary Bedroom on Main, Washer Hookup


Appliances

Convection Oven, Cooktop


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.37 Acres


Exterior Features

Exterior Steps, Gas Grill


Lot Features

Few Trees, Level, Private


Roof

Shingle


Sewer

Public Sewer

School Information

School District

Austin ISD


High School

Lyndon B Johnson (Austin ISD)


Elementary School

Andrews

Other Property Details

Area Name

3


Taxes

$11,831


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

Driveway, Garage, Off Street


View

Yes


View Description

Neighborhood


County

Travis


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2.25%

Courtesy of Spyglass Realty

Listing Contact: 512-934-1411

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Erika Levack shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

©2024 Austin/Central Texas Realty Information Service. All rights reserved. 

Database last updated 2:25 AM UTC, 3/16/2024

 

Powered byLuxury Presence