5011 Cape Verde Cove

Austin, TX 78744
$399,000
Under Contract | 1912 sqft

Description

Excellent investment opportunity just South of the booming St. Elmo development district. Current out of state owners have poured tens of thousands of dollars into the remodel, but were unable to finish before the arrival of their twins and now don't have the bandwidth to finish their project. Major expenditures were foundation repair with lifetime transferrable warranty, brand new luxury vinyl plank flooring, significant roof repairs, HVAC replacement. Their loss is your gain. Many great investment strategies here: Get immediate sweat equity by finishing the kitchens and bathrooms for a quick flip, live in one half and rent out the other to live almost for free, rent out both sides for immediate cashflow, or build a condo regime and sell each unit individually for higher returns. Fully renovated units in the area are renting at $1800-2150 a month.

  • Interior Details
    • Interior Features
      • Interior:Builtin Features, Ceiling Fans, High Ceilings, Laminate Counters, Multiple Master Suites, Open Floorplan, Walk In Closets
      • Fireplaces:2
  • Property Details
    • Property
      • View:None
      • Lot description:Back Yard, Cul De Sac, Front Yard
    • Measurements
      • Acres:0.17
      • Square Feet:1912
    • Parking
      • Garage spaces:4
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1981
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Connected, Natural Gas Connected
  • Community and Neighborhood Details
    • Location
      • School district:Austin ISD
      • Elementary School:Widen
      • Middle School:Mendez
      • High School:Akins
      • County:Travis
    • Community
      • Subdivision:Village South Ph 04-B Sec 02
  • Financial Details
    • Pricing Details
      • Original list_price:$39,000
      • Selling office_commission:3.000
      • Annual taxes:$5,210
  • Other
    • Source
      • MLS #:6363048

Location

Glen LangfordREALTOR®, MBA
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