11 days on rocket

2904 Sweeney Ln, Austin, TX, 78723

$614,999

Home List Price

$7,303*

Closing Credit

0 Baths
4,060 SqFt
$151/SqFt
Multi

Location

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2904 Sweeney Ln, Austin$614,999

Buyer Closing Credits

$7,303*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1972
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewNone
MLS #564536
Lot Size0.17 Acres
StatusActive

About 2904 Sweeney Ln

** NEW AS OF 12/9/2024: SELLER FINANCING WITH 4% INTEREST RATE IS AVAILABLE TO QUALIFIED BUYERS, ENJOY OVER $1,000 OF MONTHLY CASH FLOW FROM DAY 1!! ** 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, pictures of all units. 1 unit is vacant and can be shown. Occupied units shown under contract**

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Stories: 2
  • Living Area: 4,060 SqFt

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (512) 813-9500
  • Listing Agent: Jeffrey McElroy

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Range
  • 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: $614,999
  • Price Per SqFt: $151/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

$567.4K

Med. Price/SqFt

$308

Avg. Days On Market

74

# of Sold Homes

602

2904 Sweeney Ln vs Austin

11 DAYS ON ROCKET

-63 Days

$614,999

+$47.5K More

$151/SqFt

-$157 Less

KEY TAKEAWAY

This property is $47.5K more than the Median Sold Price and $157/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: #564536

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (512) 813-9500
  • Listing Agent: Jeffrey McElroy

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.


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Last updated on: 12/23/2024, 6:16:05 PM 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

$3,137

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,910

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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-1241387
2
/10

  • Pecan Springs Elementary School

  • 3100 Rogge Ln

  • 0.26 miles

  • Public District Grades EE-5

school-card-donut-1241388
6
/10

  • Blanton Elementary School

  • 5408 Westminster Dr

  • 0.67 miles

  • Public District Grades EE-5

school-card-donut-1241389
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 most common annual income of people living in Austin, TX is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

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 December 12, 2024 and is currently priced at $614,999.

Austin, TX housing market in November 2024 saw over 59 listings sold above listed price, more than 96 sold at listed price and over 446 sold below. Between October 2024 and November 2024, Austin, TX real estate market has seen decrease in the number of listings by 1.1%. Listings spent 74 days on the market in November 2024, and had a median list price of $567,441 during the same period.

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

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