Pre-MLS – 3504 Duval – (Representing Seller)

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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.

 

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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 owner considered adding additional bedrooms on to the existing unit to increase rents which I believe is feasible but should be verified and confirmed by any potential buyers.

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As is, the property is a great cash flow positive unit that remains rented based on its location and size.

This Austin duplex has not been listed in Austin MLS but is being offered at $450,000

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