4414 Diane Drive Austin, TX 78745
Ever consider owning both your own home + 3 rental properties that can help you pay your mortgage? This beautiful property has 4 separate living spaces, a main home & 3 apartments. The apartments are currently rented on 2-year leases promising long-term income, & 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, & the rear fenced area leased up, gross rent is ~$82, 500 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just 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 amazing investment opportunity for those looking to invest in real estate, be they owner-occupants or pure investors.
- Property TypeSingle Family Home
- NeighborhoodFord Place
- CountyTravis
- Taxes$19,829
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID Number5085718
- Home Size Source N/A
- Year Built1949
- Lot Size0.276 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Garage Spaces 0
- Construction MasoniteConcrete
- Parking Driveway
- Parking Spaces 2
- Sewer Public Sewer
- Number of Stories Multi/Split
- Acreage 0.276
- Water Public
- Security Security System OwnedBuilding SecurityClosed Circuit Camera(s)Carbon Monoxide Detector(s)Fire AlarmSmoke Detector(s)Security LightsSee Remarks
- Property Sub Type Single Family Residence
- Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
- Foundation CombinationPillar/ Post/ PierSlab
- Listing Conditions Standard
- Direction Faces East
Interior Features
- Cooling Central AirElectric
- Heating CentralNatural Gas
- Appliances DryerWasher Dryer StackedDishwasherExhaust FanElectric Water HeaterDisposalGas OvenGas RangeGas Water HeaterMicrowavePlumbed For Ice MakerRefrigeratorSee RemarksStainless Steel AppliancesTankless Water HeaterWasher
- Flooring ConcreteLaminateWood
- Interior BidetBuiltin FeaturesCeiling FansSeparate Formal Dining RoomEatin KitchenGranite CountersIn Law FloorplanKitchen IslandMultiple Living AreasMultiple Dining AreasMain Level PrimaryRecessed LightingStorageTrack LightingHigh Speed InternetInstant Hot Water
- Fireplaces 0
- Fireplace Features None
- Laundry Features Common AreaLaundry RoomMultiple LocationsOutsideSee RemarksWasher HookupDryer HookupElectric Dryer HookupStacked
- Window Features BlindsBay WindowsDouble Pane WindowsE N E R G Y S T A R Qualified WindowsScreensVinyl
- Fireplace No
Exterior Features
- Roof Composition
- View None
- Fencing Chain LinkFullWood
- Spa No
- Pool Features None
- Spa Features None
- Waterfront Property No
- Waterfront Features None
- Exterior Exterior StepsLightingPrivate EntranceR V Hookup
- Lot Back YardFront YardFew TreesTrees Large SizeTrees Medium SizeTrees Small Size
- Patio And Porch Front PorchPatioPorchSee Remarks
- Other Structures Guest HouseSee RemarksStorage
Community Features
- Community Features CurbsInternet AccessLaundry FacilitiesParkStorage FacilitiesStreet LightsSidewalks
- MLS Area 10N
- Security Features Security System OwnedBuilding SecurityClosed Circuit Camera(s)Carbon Monoxide Detector(s)Fire AlarmSmoke Detector(s)Security LightsSee Remarks