Posts made in March, 2013

Pre-MLS – 3504 Duval – (Representing Seller)

3504 Duval is a wonderful opportunity close to the University of Texas and in the heart of Austin, Texas. This 2 unit duplex, 1940 sq ft, consists of 2- 2bed, 1 bath units which are currently rented for 1700/month (unit A) and 1600/month (unit B).  In my opinion there is room to increase rents without any improvements simply based on market conditions. Both leases expire in July of this year.   The unit has been well maintained and is in a good condition for its age (built in 1924). The lot size is .1921 acres and has great redevelopment potential because it backs to an alley.  The...

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Pending,Taking Back-ups – 2633 W 49th – (Representing Buyer/Seller)

2633 W 39th Street is a great investment opportunity in the heart of Rosedale in central Austin.  This unique opportunity consists of two, detached units each with 2 bedrooms and 1 bath.  These units also have private back yards. This property was built in 1950 and has some deferred maintenance (priced accordingly) and could use a remodel which would likely allow for increased rents.  Currently the units are getting $1500/month (unit A) and $1550/month (Unit B).  The front unit lease expires in July of 2013 and the rear unit has chosen to renew the lease, starting August 1, 2013 for...

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Sold- 3101 Harris Park – (Represented Seller)

3101 Harris Park was one of the best Austin multifamily properties I have sold.  This was an immaculately kept property just a few blocks away from the University of Texas.  The property was originally an old 1 story home with a garage.  The property was converted into 3 units, the main house: 2 bed/1 bath, the attic: Large Studio, the garage: 2 story “Hobbit House”. My seller had self managed this property for 5+ years and had done extensive renovations to get the property in tip top shape.  She had done repairs like new roof, new HVAC, added additional laundry facilities,...

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Sold – 1611 Ulit – (Represented Seller)

1611 Ulit was a very nice, two-unit investment property in East Austin, located about 1 mile east of IH-35. This property consisted of a main house which was a 4 bedroom, 2 bath with 2 half baths and a detached garage apartment that was 2 bedrooms and 1 full bath.  The property was rented for $2600/month on the main house and $1200 on the back house for a total of $3800/month. This property had some upside because of the fact that it could be purchased by a single family user that could benefit from the additional income from the back unit or to an investor that could purchase and simply...

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Sold – 7102 Dan Jean – (Represented Buyer/Seller)

7102 Dan Jean was one of the best deals we did.  We had been managing the property for many years for our client who wanted to sell the property.  Because the owners had not invested in keeping the property up there was quite a bit of work that would need to be done to get it ready to sell. One of our buyers purchased the property for $155,000 and invested $17,000 remodeling the property.  The Carvajal Group oversaw the remodel and now continues to lease and manage the unit.  The remodel included scraping of popcorn, new flooring, kitchens, bathrooms and landscape.  We also changed the...

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