Sold – 1611 Ulit – (Represented Seller)



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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 profit from the rental income.

We listed the property at $400k and ended up selling the property for $407,000 within 1 week of being on the market.  We received multiple offers within that time frame and took the best one.

 

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