703 Nelray Boulevard, Austin, TX 78751

$850,000
2,555
SqFt
List Price
$850,000
Status
ACTIVE
MLS#
6488416
Days on Market
18
Living Area
2,555
Area
Austin - Central

Property Description

LOCATION! LOCATION! Rare TRIPLEX income property just north of Downtown/UT. Located off of Lamar between Koenig and 51st street. Close to Central Market and the Triangle. Charming original home (unit A) is a 2/1 with original wood floors. Open kitchen. Quaint porch. Unit B is a 2/2 with vaulted ceilings, built ins, large eat in kitchen, stainless counters, wood & tile floors, large master with private bath. Sliding glass doors to open decks. Occupants enjoy 2 courtyards and a large back deck. Utility room with washer and dryer located between front A unit and B unit. Unit C is a an efficiency above the 2 car garage. Property is perfect for 1031 exchange or an owner occupant who wants to be near downtown and enjoy the rental income from the other two units. Units B and C are vacant allowing for an owner occupant to choose which to live in OR new tenants at current market rents. A unit is on Mo-to-mo @ 1600 per mo. (market rent $2000) B unit current CMA $2000-$2250 p/mo, C unit $1500 is current CMA. Garage spaces go for $100 per bay. Property is solid and needs updating. Bargain price takes into consideration fix up and seller would like to sell as-is. Owner says always been an EZ rental. A unit occupant been there for 11 years. Previous tenant 12 years. Ready for immediate move-in. Hurry... score a multi-family just north of downtown Austin. DO NOT DISBURB TENANT WITHOUT APPOINTMENT

Additional Information

Tax Year
2022
Year Built
1954
Garage Spaces
2
Interior Features
Breakfast Bar, Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, High Ceilings, Vaulted Ceiling(s)
Appliances
Cooktop, Dryer, Dishwasher, Electric Oven, Microwave, Range, Washer
Construction
Frame, Vinyl Siding, Wood Siding
Region
Austin - Central
View
No View
School District
Austin ISD
Elementary School
Reilly
High School
McCallum
Middle School
Lamar (Austin ISD)
Sewer
Public Sewer
Stories
1
Street Name
Nelray Boulevard
Street Number
703
Neighborhood
NORTHFIELD ADDN
County
Travis
Floor
Carpet, Tile, Wood
Heating
Central, Natural Gas, Varies by Unit
Lot Description
Level, TreesLargeSize, TreesMediumSize

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Renner Realty, Inc..

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