1911 Lightsey RD

Closed

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
Zip Code:78704
Subdivision:LIGHTSEY CONDOMINIUMS
MLS:1302892
Year Built:1977
Square Feet:4,925
Acres:0.220
Lot Square Feet:0.220 acres
accessibilityFeatures:None
actrisCountry:US
appliances:Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer/Dryer
associationYN:no
attachedGarageYN:no
buyerFinancing:Cash
buyerIncentive:None
communityFeatures:Courtyard
constructionMaterials:Brick, Concrete, Stone
cooling:Central Air
directionFaces:NW
disclosures:Seller Disclosure
downPaymentResourceYN:no
elementarySchool:Joslin
elementarySchoolDistrict:Austin ISD
estimatedTaxes:26659
etjExtraTerritorialJurdn:No
exteriorFeatures:Uncovered Courtyard
femaFloodPlain:No
fencing:Privacy, Wood
flooring:Carpet, Wood
foundationDetails:Slab
garageYN:no
greenEnergyEfficient:None
greenSustainability:None
groundwaterConservationDistric:no
heating:Central
highSchool:Austin
highSchoolDistrict:Austin ISD
homeSaleContingencyYN:no
horseYN:no
interiorFeatures:Granite Counters, Kitchen Island, Pantry, Stackable W/D Connections, Washer Hookup
intermediaryYN:yes
lastChangeTimestamp:2023-08-29T00:34:23+00:00
laundryLocation:Laundry Closet
levels:Two
listingAgreement:Exclusive Right To Sell
listingContractDate:2023-05-20T00:00:00+00:00
listingService:Full Service
listingTerms:Cash, See Remarks
livingAreaSource:See Remarks
lockBoxDescription:Combo lockbox attached to the building behind the property on the parking lot side.
lockBoxType:None
lotFeatures:Cul-De-Sac, Few Trees, Garden
lotSizeArea:0.2201
lotSizeSquareFeet:9587.56
majorChangeTimestamp:2023-08-29T00:34:23+00:00
meterDescription:Electric Common, Electric Separate, Gas Separate, Water Separate
middleOrJuniorSchool:O Henry
middleOrJuniorSchoolDistrict:Austin ISD
mlsAreaMajor:6
mlsStatus:Closed
newConstructionYN:no
originalListPrice:1750000
otherEquipment:Dryer Connections, Washer Hookup
otherStructures:None
ownerPays:None
parkingFeatures:Concrete, Oversized, Parking Lot
patioAndPorchFeatures:Enclosed, Patio
petsAllowed:Cats OK, Dogs OK, Negotiable
possession:Close Of Escrow, Funding
propertyCondition:Resale
propertyConditionatSale:Good
propertyMatch:Address
ratioCurrentPriceByLivingAr:308.63
ratioCurrentPriceLotSizeSqu:158.54
restrictions:Zoning
roof:Shingle
securityFeatures:None
sewer:Public Sewer
showingInstructions:Unit C is currently vacant. Code 8510. Please give 48hour notice to view other units.
specialAssessment:No
specialListingConditions:Standard
statusChangeTimestamp:2023-08-29T00:34:23+00:00
taxAssessedValue:2022
taxExemptions:None
taxLot:n/a
taxRate:1.974
taxYear:2022
title:Negotiable
totalActualRent:8700
unitMix:2/1.5
unitRoomType:Primary Bedroom, Bathroom, Kitchen, Living Room
utilities:Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
view:None
waterSource:Public
waterfrontYN:no
windowFeatures:Insulated Windows
yearBuiltSource:Public Records

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