Ever consider owning both your own home + 3 rental properties that can help you pay your mortgage? This charming property has 4 separate living spaces

A main home and 3 apartments. The apartments are currently rented on 2-year leases promising l ong-term income and the main home is ready for an owner-occupant or a new tenant. An owner-occupant in the main home can either continue the long-term leases in the 3 apartments or convert them to short-term rentals when those existing leases expire. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments and the rear fenced area leased up, gross rent is ~$82, 500 + 2 storage units tht could generate additional income. This is an excellent location in 78745 south of 290 in a high-demand, highly appreciating area of south Austin 3/4 mile to St. David's south, off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it!

Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop and 80 SF of storage space. Rent out either of these 2 spaces for additional income or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an excellent investment opportunity for those looking to invest in real estate, be they owner-occupants or pure investors.

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on 4414 Diane Dr
in Austin, TX
Presented by Jeffrey Schnabel at
Compass RE Texas.


Property MLS #5085718 from UnlockMLS

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+ Bedrooms

Bedrooms: 5
Bedrooms On Main Level: 3

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Interior Features

Bidet
Built-in Features
Ceiling Fan(s)
Counter-Granite
Electric Dryer Hookup
Eat-in Kitchen
High Speed Internet
In-Law Floorplan
Kitchen Island
Multiple Dining Areas
Multiple Living Areas
Primary Bedroom on Main
Stackable W/D Connections
Storage
Washer Hookup
Flooring: Concrete, Laminate, Wood
Window Features: Bay Window(s), Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Screens, Vinyl Windows

+ Appliances

Dishwasher
Disposal
Exhaust Fan
Gas Range
Instant Hot Water
Microwave
Gas Oven
Plumbed For Ice Maker
Refrigerator
Stainless Steel Appliance(s)
Washer/Dryer
Washer/Dryer Stacked
Water Heater-Electric
Water Heater-Gas
Tankless Water Heater
Laundry Features: Common Area, Laundry Room, Multiple Locations, Outside

+ Heating and Cooling

Cooling Features: Central Air, Electric
Heating Features: Central, Natural Gas

+ Exterior and Lot Features

Exterior Steps
Private Entrance
Fencing: Chain Link, Full, Wood
Other Structures: Storage
Patio And Porch Features: Front Porch, Patio, Porch

+ Land Info

Lot Description: Back Yard, Few Trees, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Trees-Small (Under 20 Ft)
Lot Size Acres: 0.276
Lot Size Dimensions: ~ 80' X 150'
Lot Size Square Feet: 12023

+ Garage and Parking

Parking Features: Driveway
Parking Total: 2

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School: Joslin
High School: Crockett
Middle School: Covington
School District: Austin ISD
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Joslin Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

Crockett High School is a public high school located approximately 1.1 miles away.
Map directions

Covington Middle School is a public middle school located approximately 3.2 miles away.
Map directions

Capitol City Baptist Church is a private elementary school located approximately 0.2 miles away.
Map directions

+ Amenities and Community Features

Community Features: Curbs, Google Fiber, High Speed Internet, Laundry Facility(s), Park, Sidewalks, Storage, Street Lights

+ Other Property Info

Annual Tax Amount: 19829.00
Tax Block: E
Source Listing Status: Active
Tax Exemptions: Disability, Homestead
County: Travis
Directions: From IH35 driving west on HWY 71/290 exit to Menchaca, turn left on Menchaca 1 block south of Ben White, turn left on Redd, continue to Diane Dr. Turn left, last house on left.
Tax Year: 2024
Restrictions: City Restrictions, Deed Restrictions
Source Property Type: Residential
Area: 10N
Source Neighborhood: Ford Place
Ownership Type: Fee-Simple
Parcel Number: 04091007070000
Subdivision: Ford Place
Flood Plain: No
Property Subtype: Single Family Residence
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-05-17
$999,990
UnlockMLS

+ Building and Construction

Total Square Feet Living: 3086
Year Built: 1949
Construction Materials: Concrete, HardiPlank Type, Blown-In Insulation, Masonite
Direction Faces: East
Foundation Details: Combination, Pillar/Post/Pier, Slab
Levels: Multi/Split
Living Area Source: Multiple Dwelling
Property Age: 75
Roof: Composition
House Style: 1st Floor Entry
Year Built Source: Public Records

+ Utilities

Sewer: Public Sewer
Above Ground
Cable Available
Electricity Connected
Internet-Cable
Internet-Fiber
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public

+ Home Features

Security Features: Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm, Security Lights, Security System Owned, Smoke Detector(s)