10% Cap.. The Norwood property consists of three adjacent parcels containing two duplexes, two houses and four mobile home lots. There is value add potential through repairing one "down" mobile home lot and raising all rents to market rate. Additionally, one could convert the property from septic to city water and sewer and realize significant cost savings as well as possibly add more mobile home lots. The only unit not currently leased is the "down" mobile home lot. Manager would like to stay with prop.
Price
$495,000
Blue Bonnet Gardens
Travis
5659925
Active
Description
10% Cap.. The Norwood property consists of three adjacent parcels containing two duplexes, two houses and four mobile home lots. There is value add potential through repairing one "down" mobile home lot and raising all rents to market rate. Additionally, one could convert the property from septic to city water and sewer and realize significant cost savings as well as possibly add more mobile home lots. The only unit not currently leased is the "down" mobile home lot. Manager would like to stay with prop.
Listing Information
Property Type: Other
Blue Bonnet Gardens
City
Septic
Electric
Neighborhood
Room Information
Exterior / Lot Features
20 Parking Spaces,Shared Driveway
None
Driving Directions
From Ben White and 183 take Hwy 183 South turn right on Norwood
Financial Considerations
03242001100000
$2,800
Listing Price History
Austin Real Estate
Austin is located in Texas.
Austin, Texas 78744 has a population of
790,390.
The median household income in Austin, Texas 78744 is
$52,671.
The median household income for the surrounding county is $54,977
compared to the national median of $50,935.
The median age of people living in Austin 78744 is
31.1 years.
This information is gathered from public record data.
This information is gathered from public record data.
Sales History
Tax Info
Listing Provided Courtesy Of: Dobbs Real Estate & Investment
Information is deemed reliable but is not guaranteed.
