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1609 Morgan Ln Austin, TX 78704

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For Sale
$745,000

Fourplex in 78704 with redevelopment potential on .3 acre lot.

Lot size:
0.30 Acres

Property Features for 1609 Morgan Ln

General Information

Lot size
0.30 Acres

Building Details

Year built
1946

Source: Compass RE Texas, LLC Agent Tom Shiery

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

78704 Fourplex on Large Lot

This fourplex is situated on a large, flat 0.3-acre lot. The property features four units, all currently occupied by long-term tenants, generating a total monthly rental income of $4,800. Each unit is equipped with updated Carrier mini-split systems. The property also benefits from a relatively new 30-year roof and updated water heaters, as well as updated smoke and carbon dioxide detectors. The exterior is constructed with stucco and rock, offering low maintenance. The property presents redevelopment potential, allowing for the possibility of future construction projects. Alternatively, it can be maintained as a rental property, generating consistent income. The owner intends to facilitate a 1031 exchange.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Austin
County
Hays
State
Texas
Longitude
-97.7823905
Latitude
30.2299428

FAQs

What type of property is this?
Quadplex - Fourplex in 78704 with redevelopment potential on .3 acre lot.
Where is this quadplex located?
The property is located at 1609 Morgan Ln Austin, TX.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: - Huge .3 acre flat lot in 78704 with redevelopment potential.; - Money-making 4-plex generating $4800 monthly rent.; - All units have updated Carrier mini splits.
More about this property
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