11 days on rocket

2904 Sweeney Ln, Austin, TX, 78723

$629,000

Home List Price

$7,469*

Closing Credit

0 Baths
4,060 SqFt
$155/SqFt
Multi

Location

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2904 Sweeney Ln, Austin$629,000

Buyer Closing Credits

$7,469*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1972
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewNone
MLS #560324
Lot Size0.17 Acres
StatusActive

About 2904 Sweeney Ln

** ONE UNIT IS VACANT, TEXT AGENT TO SHOW. DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES! ** Discover a one-of-a-kind investment opportunity with this income-producing fourplex in East Austin, sitting on an MF-3 zoned lot (medium-density multifamily). $5100 monthly rental income, with room to increase rents by ~25%. Lots of upgrades including brand new roof. Desirable townhome-style units enjoy high rental demand and historically had vacancy only during make ready. Two units in the front are 2 bed/1.5 bath, two units in the back are 1 bed/1.5 bath. Each unit has a laundry room with washer and dryer hookups. Back units have spacious backyards, front units have fenced patios. Enjoy phenomenal 9.1% cap rate with market rents, coupled with the incredible appreciation potential of this rapidly gentrifying area. Contact agent for rent rolls, pro forma and pictures of all units. Occupied units will be shown under contract. Please follow the offer instructions when submitting offers.

Property Details

Property Features

Property Information:

  • Architectural Style: None
  • Year Built: 1972
  • Stories: 2
  • Living Area: 4,060 SqFt

Listing Office:

  • Office Phone: (512) 415-6244

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Flooring Type: Carpet, Tile
  • Fireplace: Living Room

Exterior Features

Exterior Information:

  • View: None
  • Exterior: Wood Fence

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From 1-35, Go South on Hwy-183. Right on Manor Rd, Left on Sweeney. Property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $629,000
  • Price Per SqFt: $155/SqFt

Tax Information:

  • Annual Amount: $10,917
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Austin, TX.

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Austin, TX

City

Med. Sold Price

$566.4K

Med. Price/SqFt

$307

Avg. Days On Market

72

# of Sold Homes

669

2904 Sweeney Ln vs Austin

11 DAYS ON ROCKET

-61 Days

$629,000

+$62.5K More

$155/SqFt

-$153 Less

KEY TAKEAWAY

This property is $62.5K more than the Median Sold Price and $153/SqFt less than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CentralTexas
  • MLS Number: #560324

Listing Office:

  • Office Phone: (512) 415-6244

IDXData provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 11/23/2024, 5:15:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$10,917$490,275
2019$10,515$490,275
2018$9,995$483,266
2017$10,258$451,453

History based on county public records data.

Payment Calculator

$3,207

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,952

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-820257
2
/10

  • Pecan Springs Elementary School

  • 3100 Rogge Ln

  • 0.26 miles

  • Public District Grades EE-5

school-card-donut-820258
6
/10

  • Blanton Elementary School

  • 5408 Westminster Dr

  • 0.67 miles

  • Public District Grades EE-5

school-card-donut-820259
2
/10

  • Andrews Elementary School

  • 6801 Northeast Dr

  • 0.80 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,079. The majority of Austin, TX residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Travis County›Austin›78723›2904 Sweeney Ln

This home is located at 2904 Sweeney Ln in Austin, TX and zip code 78723 in the East neighborhood. This 4,060 square foot home, which was built in 1972, sits on a 0.17 acre lot. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $629,000.

In October 2024 more than 66 listings in Austin, TX were sold above the asking price. During the same period more than 96 listings were sold at asking price, while more than 506 were sold below. The number of homes for sale in Austin, TX increased by 6.3% between September 2024 and October 2024. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $566,430.

From Rocket Homes Real Estate and based on county public records data.

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