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$745,000

1609 Morgan Ln, Austin, TX, 78704

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths2,552 Sq Ft
QuadruplexQuadruplex
price_per_sqft$291.93 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesGas Range, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size13,112 sqft

Building Information

Year Built1946
Stories1
Roof Type105
Garage Spaces2

Land Information

APN04060901360000
Lot Number10A&10B
SubdivisionBanister Heights
Land UseResidential
Legal Description0.3010 AC OF LOT 10A&10B RESUB OF LT 10 BANISTER HEIGHTS
Census Tract002006
Assessed Land Value$353,337
Assessed Improvement Value$270,088
Assessment Year2025

About this property

Huge .3 acre flat lot in 78704! Money making 4 plex. All great long term tenants with monthly total rents at 4800. Perfect location and easy to keep rented. Tons of potential for redevelopment. All 4 units have updated Carrier mini splits. Recent 30 yr roof and water heaters. Updated smoke and carbon dioxide detectors. Stucco/rock exterior for low maintenance. Keep the tenants in place to cover holding costs while you get plans and permits approved or just keep the place with rents churning as is. Each unit can be viewed during option period/inspections. Owner would want a 1031 exchange. I will set up showings for serious interest w/at least one unit. Agents, feel free to walk outside the property(text me a time/date) with your buyers but please DO NOT bother my tenants, thank you:)

Investor Tools

$0Estimated Mortgage Balance
$623,425Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,470 /month
Positive
Cash Flow Estimate:
$1,490 /month

Interested in this property?

Tom Shiery

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,189/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,150
$623,425
2025
$353,337
$270,088
$623,425
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,150
$623,425

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$623,425
100%
0%
$0/mo

City: Austin