Welcome to a remarkable investment opportunity in Austin, Texas! Presenting a turn-key multifamily complex boasting five units in a truly spectacular location. This gem offers everything you need for a successful investment venture. New roof ensures worry-free maintenance for years to come, providing added value and peace of mind. The interiors have been thoughtfully improved with hardwood floors, granite countertops, renovated kitchens, and finishes throughout creating inviting living spaces. One standout feature of this complex is the absence of Homeowners Association (HOA) fees. Each unit is individually metered, making it convenient for tenants to manage and pay their own utilities. This property offers a unique advantage—an opportunity to sell units independently in the future. This opens up the potential for greater flexibility and profitability, allowing you to capitalize on the individual unit sales market. This feature provides added versatility and options for long-term growth and appreciation. Situated in one of Austin’s most sought-after areas, this complex enjoys proximity to vibrant city life, renowned dining and entertainment options, and a wealth of recreational activities. Don’t miss out on the chance to capitalize on this exceptional offering and embark on a prosperous investment journey.
| Price: | $$1,750,000 USD |
| Address: | 1911 Lightsey RD |
| City: | Austin |
| County: | Travis |
| State: | Texas |
| Subdivision: | LIGHTSEY CONDOMINIUMS |
| MLS: | 1302892 |
| Square Feet: | 4,925 |
| Acres: | 0.22 |
| Lot Square Feet: | 0.22 acres |
| title: | Negotiable |
| levels: | Two |
| taxLot: | n/a |
| taxRate: | 1.974 |
| taxYear: | 2022 |
| unitMix: | 2/1.5 |
| garageYN: | no |
| ownerPays: | None |
| highSchool: | Austin |
| possession: | Close Of Escrow, Funding |
| disclosures: | Seller Disclosure |
| lotSizeArea: | 0.2201 |
| listingTerms: | Cash, See Remarks |
| restrictions: | Zoning |
| unitRoomType: | Primary Bedroom, Bathroom, Kitchen, Living Room |
| actrisCountry: | US |
| propertyMatch: | Address |
| taxExemptions: | None |
| buyerFinancing: | Cash |
| buyerIncentive: | None |
| directionFaces: | NW |
| estimatedTaxes: | 26659 |
| femaFloodPlain: | No |
| intermediaryYN: | yes |
| otherEquipment: | Dryer Connections, Washer Hookup |
| windowFeatures: | Insulated Windows |
| laundryLocation: | Laundry Closet |
| totalActualRent: | 8700 |
| yearBuiltSource: | Public Records |
| elementarySchool: | Joslin |
| livingAreaSource: | See Remarks |
| meterDescription: | Electric Common, Electric Separate, Gas Separate, Water Separate |
| taxAssessedValue: | 2022 |
| propertyCondition: | Resale |
| specialAssessment: | No |
| greenSustainability: | None |
| greenEnergyEfficient: | None |
| middleOrJuniorSchool: | O Henry |
| downPaymentResourceYN: | no |
| homeSaleContingencyYN: | no |
| propertyConditionatSale: | Good |
| etjExtraTerritorialJurdn: | No |
| specialListingConditions: | Standard |
| ratioCurrentPriceByLivingAr: | 308.63 |
| ratioCurrentPriceLotSizeSqu: | 158.54 |
| middleOrJuniorSchoolDistrict: | Austin ISD |
| groundwaterConservationDistric: | no |
