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DUPLEX INVESTMENT OPPORTUNITY NEAR PARMER & MOPAC

List Price: $450,000

Category:

Single Family Home

Bedrooms:

Bathrooms:

Parking Space:

Year Built:

1984

Subdivision:

Lamplight West

Lot Size:

8725 sq ft

Garage:

School District:

Austin

Square Footage:

1765

Stories:

MLS#:

4965201

Style:

Duplex

Description of Property at

12816 Tomanet Trail

Excellent opportunity to fix and flip or build value and lease out both units! This duplex is in a prime area near IBM, Domain and Apple and always rents out very quickly. Recent improvements include new roof shingles, 2 new garage doors, full exterior paint and all trees trimmed (~$27K). Side B is vacant and ready to be leased if desired. Side A has a long term tenant of over 15 years and the unit has not been improved since before the foundation level and occupancy. The foundation was leveled in 2008 by CenTex and warranty for work completed will continue for the new owner and can provide the paperwork for this. This unit will need a lot of updates and repairs from all new flooring, sheetrock work, painting, blinds, popcorn removal from ceiling, etc. The exterior is mostly hardie-board and all in great shape. Values for similar remodeled duplexes in the area peak in excess of $600k which makes this priced to sell.

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