5011 Cape Verde Cove
Austin, TX 78744
$399,000
Under Contract | 1912 sqft
Under Contract
Description
Excellent investment opportunity just South of the booming St. Elmo development district. Current out of state owners have poured tens of thousands of dollars into the remodel, but were unable to finish before the arrival of their twins and now don't have the bandwidth to finish their project. Major expenditures were foundation repair with lifetime transferrable warranty, brand new luxury vinyl plank flooring, significant roof repairs, HVAC replacement. Their loss is your gain. Many great investment strategies here: Get immediate sweat equity by finishing the kitchens and bathrooms for a quick flip, live in one half and rent out the other to live almost for free, rent out both sides for immediate cashflow, or build a condo regime and sell each unit individually for higher returns. Fully renovated units in the area are renting at $1800-2150 a month.
Interior Details
Interior Features
- Interior:Builtin Features, Ceiling Fans, High Ceilings, Laminate Counters, Multiple Master Suites, Open Floorplan, Walk In Closets
- Fireplaces:2
Property Details
Property
- View:None
- Lot description:Back Yard, Cul De Sac, Front Yard
Measurements
- Acres:0.17
- Square Feet:1912
Parking
- Garage spaces:4
Construction Details
Type & Style
- Property type:Investment
Condition
- Year built:1981
Material information
- Foundation:Slab
Utilities / Energy Details
Utility
- Sewer information:Public Sewer
- Utility source:Public
- Utility features:Electricity Connected, Natural Gas Connected
Community and Neighborhood Details
Location
- School district:Austin ISD
- Elementary School:Widen
- Middle School:Mendez
- High School:Akins
- County:Travis
Community
- Subdivision:Village South Ph 04-B Sec 02
Financial Details
Pricing Details
- Original list_price:$39,000
- Selling office_commission:3.000
- Annual taxes:$5,210
Other
Source
- MLS #:6363048
Location
Legal
Notice: This listing provided courtesy of Austin Board of Realtors (VOW/WebAPI) (ACTRIS). The information contained in this listings has not been verified by us or the MLS and should be verified by the buyer.
Last Updated: . Source: ACTRIS
Listing Courtesy
Agent: Jacob Rodrigues Pereira (#724150)
Office: North Loop Realty (#4506)
Samuel LemelleReal Estate Agent
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