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

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