Prime 4-Unit New Build Opportunity – Austin, 78721 Sold

  • $488000
  • 3 beds
  • 1 baths
  • 968 sqft
Sold

Subdivide this 16,000sf+ lot and build an A & B unit on each lot, and 6200sf total livable area. There is an existing 3 bed 1 bath, 968sf house sitting on the lot that is likely a tear-down or a significant interior/exterior rehab project. Please note this property was put under contract site unseen.

Numbers:

Offer Price: $488K
Est ARV: $1.75M+
Based on subdivide, 4 units and 6200sf total buildable area
2000sqft A units @ $256/sqft
1100sf B unit at @ $347/sqft
Est. Build Cost: $790k
A units (4000sf) @ $115/ft
B units (2200sf) @ $150/ft

Highlights:

.37 acre lot
Existing structure – built 1964 / 968 sqft, 3 bed, 1 bath
Existing home is livable but dated and in need of a complete remodel, including foundation work and a new roof
Roof replacement is currently being addressed through an insurance claim

Please let us know if you or someone you know might be interested. Email, call or text us at 512-277-4665. Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

Terms:

$5,000 Non-Refundable Deposit & signed agreement to secure contract
Properties are sold on a ‘first come, first serve’ basis
Buyer pays standard closing costs incl. title and a new survey, if required
Buyers responsibility to do their own due diligence and verify all information

Price:
$488000
Address:
4100 Leslie Ave
Austin, Texas 78721
Square Feet:
968
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1964

Call 512-535-5554 for more details

Property Location