Austin, TX 78751,702 Franklin BLVD

$1,550,000

Est.Price: ?

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Est. payment /mo

3,647 SqFt


SOLD DATE : 06/16/2022

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,647 sqft

Price per Sqft $410

Subdivision Northfield Add

MLS Listing ID 2540021

Sold Date 06/16/22

HOA Y/N No

Year Built 2005

Annual Tax Amount $18,445

Tax Year 2021

Lot Size 7,797 Sqft

Acres 0.179

Property Sub-Type Triplex

Source actris

Property Description

Rare triplex investment opportunity in Central Austin. Each unit is approximately 1,350 sq ft and has a 3bd/2ba configuration with a private 1 car garage. There is additional parking space on the lot for each unit and plenty of street parking. Interior has been painted recently and other repairs have been completed to improve the property. All units feature a similar floor plan which includes a primary suite with an attached bath and 2 additional generously sized secondary bedrooms. These light-filled units offer access to a shared common yard, with the top floor unit including private balcony space. All units include spacious kitchens with gas ranges and W/D. All 3 units are leased at $2325/month. The proximity of the property to the UT campus creates high demand, low vacancy, and steady cash flow.

Location

State TX

County Travis

Area 4

Interior

Interior Features Interior Steps, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplace Y

Appliance Dishwasher, Dryer, Free-Standing Gas Oven, Refrigerator, Washer

Exterior

Exterior Feature Balcony, Exterior Steps, Private Yard

Garage Spaces 3.0

Fence Back Yard, Chain Link, Wood

Community Features None

Utilities Available Electricity Available, Natural Gas Available

View City, City Lights, Neighborhood

Roof Type Composition

Accessibility None

Porch Front Porch

Total Parking Spaces 9

Building

Lot Description City Lot, Few Trees, Near Public Transit, Trees-Small (Under 20 Ft), Views

Faces South

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block,Aluminum Siding,Vinyl Siding

New Construction No

Schools

Elementary Schools Reilly

Middle Schools Lamar (Austin Isd)

High Schools Mccallum

School District Austin Isd

Others

Pets Allowed Cats OK, Dogs OK, All

Restrictions None

Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan

Tax Rate 2.17668

Listing Terms Cash, Conventional, 1031 Exchange, VA Loan

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK, All

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Mel Loiseau , GRI, PSA, RENE

Mel Loiseau , GRI, PSA, RENE

+1(609) 480-5305

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Listed by eXp Realty LLC • David Shapiro
Bought with eXp Realty, LLC
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