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$444,501

NAL Estimated Property Value

506 W Grady Dr, Austin, TX, 78753

Off MarketInfo
Beds1 Beds
Baths4 Bath
Baths1,672 Sq Ft
QuadruplexQuadruplex
price_per_sqft$298.44 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 4Bathrooms Full 4
HeatingHeating
CoolingCooling

Exterior

Lot Size8,995 sqft

Building Information

Year Built1969
Stories1
Roof Type105

Land Information

APN02452106280000
Lot Number28
SubdivisionMockingbird Hill Sec 1
Land UseResidential
Legal DescriptionLOT 28 BLK E MOCKINGBIRD HILL SEC 1
Census Tract041000
Assessed Land Value$214,411
Assessed Improvement Value$230,090
Assessment Year2025

About this property

WOW! Residential fourplex for under $500k in North Central Austin! RARE opportunity to own a cash-flowing multi-family property in a FANTASTIC location! "HUH?! Cash-flow in 2022 Austin?!" YES! While unassuming from the curb, this property is a true cash cow! One unit is vacant and move-in ready for the owner/occupant investor, or lease 'em all up and enjoy heavy cash-flow. Walkable to the Metro #1 line, Chinatown and minutes from downtown and the Domain. This one is truly unique, so come and get it!

Investor Tools

Property Icon
$444,501
Estimated Property Value
$395,729Estimated Mortgage Balance
$49,289Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$955/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,238
$444,501
2025
$214,411
$230,090
$444,501
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,238
$444,501

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Conventional
$414,900
No
First
Nov 8, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$395,729
$48,772
10%
89%
$2,453/mo

City: Austin

506 W Grady Dr | Property Details | No Agent List