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2904 Pearl ST
Austin TX 78705 US

$1,215,000

Active Under Contract Listing ID 8653104
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Lot: 0.19 Acres
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Quadruplex

$1,215,000

Active Under Contract Listing ID 8653104
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2904 Pearl ST Located in the sought-after Heritage neighborhood just blocks from UT campus, this meticulously maintained quadplex presents a lucrative investment opportunity. All four units are currently leased through 7/31/2024, showcasing a history of consistent and effortless leasing each year. Recent substantial investments of over $100, 000 have elevated the property's value. Upgrades include a reinforced foundation with adjustable steel beams, new energy-efficient windows with lifetime warranty, and a modern sewer line equipped with a grinder pump for enhanced functionality. The front two units showcase the original charm of the property with hardwood floors and preserved wood trim, reflecting the original architecture. In contrast, the back two units, an addition, feature vaulted ceilings that impart an open and spacious ambiance throughout. Enjoy the abundance of natural light that bathes the entire property, creating a warm and inviting atmosphere. Ample parking is available, including front driveways, side parking, and designated spots in the back alley. A shared coin-operated laundry facility adds convenience for tenants and additional income. Indulge in the serene outdoor spaces, with each unit boasting a covered porch area. The property is thoughtfully landscaped with privacy bamboo, a protective fence, and mature trees encircling the perimeter, providing a tranquil living environment. With three 1/1 units and one 2/1 unit, generating a monthly income of $6205, this quadplex is a sound investment with potential for future growth. The property is zoned MF-2 opening it up for potential future opportunities. Several tenants have already expressed interest in renewing, underlining the property's desirability and stability in the rental market. Don't miss out on this exceptional opportunity for a thriving investment property. Please DO NOT disturb the tenants.

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Property Features

  • Facts
  • Lot Size: 0.19 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Exterior Finish: None
  • Floor Covering: Laminate, Linoleum, Tile, Vinyl, Wood
  • Roof Type: Shingle
  • Heating Fuels: Central Furnace

School Information

  • School
  • Bryker Woods(Elementary)
  • O Henry(MiddleSchool)
  • Austin(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 1215000
  • unparsedaddress: 2904 Pearl ST
  • postalcity: Austin
  • stateorprovince: TX
  • country: US
  • postalcode: 78705
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1864
  • lotsizeunits: Acres
  • lotsizearea: 0.1864
  • livingarea: 2892
  • livingareaunits: Square Feet
  • listagentfullname: Julie Hutchison
  • listagentemail: JulieBHutchison@gmail.com
  • listagentkey: 3yd-ABORTX-757363
  • listagentmlsid: 757363
  • listagentpreferredphone: 2107931645
  • listagentofficephone: 8885197431
  • listofficekey: 3yd-ABORTX-702963
  • listofficemlsid: 702963
  • disclaimer: Copyright © 2024 UnlockMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ABORTX
  • yearbuilt: 1950
  • listagenturl: https://www.exprealty.com
  • countyorparish: Travis
  • parcelnumber: 02170212120000
  • elementaryschool: Bryker Woods
  • highschool: Austin
  • elementaryschooldistrict: Austin ISD
  • middleorjuniorschooldistrict: Austin ISD
  • highschooldistrict: Austin ISD
  • appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Washer/Dryer Combo
  • constructionmaterials: Wood Siding
  • flooring: Laminate, Linoleum, Tile, Vinyl, Wood
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 8
  • parkingfeatures: Driveway, Paved or Surfaced
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: Breakfast Bar, Ceiling-vaulted, Counter-granite, Counter-laminate, Primary Bedroom On Main
  • exteriorfeatures: None
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 5/16/2024 2:04:13 AM GMT
Source Updated Date: 5/18/2024 6:49:54 AM GMT

Courtesy of: Julie Hutchison, eXp Realty, LLC, JulieBHutchison@gmail.com

Copyright © 2024 UnlockMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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