1505 & 1509 Oreilly CT Austin, TX 78734

Investment Opportunity in Austin, Texas - Cash Flow Real Estate with Value-Add Potential

Welcome, investors! This property in Austin, Texas offers excellent cash flow and value-add potential. Spanning 2.6 acres across 2 lots, it includes a 4-plex, duplex, commercial shop, tiny house, and yurt near highway 620.

The tiny house and yurt generated $88k as short-term rentals last year, offering an oasis with hot tubs, a sauna, and a creek. The 4-plex has two 2/1 units and two 1/1 units, unit d was recently updated and is renting for $1,300.

The duplex consists of two 2-bedroom/1-bathroom units. Unit B has undergone a complete remodel, featuring new paint inside and outside, new flooring, cabinets, countertops, appliances, shower, vanities, toilet, interior doors, plugs and switches, and light fixtures. This unit can be rented on a long-term basis for $1,695 per month or can be a valuable addition to the short-term rental market, projected to generate $3,000 to $4,000 monthly due to its serene wooded surroundings.

The commercial shop spans 2,112 square feet and offers a full kitchen, bathroom, and loft room. Equipped with two large garage doors, it is currently leased for $2,200 per month. The property includes two septics and a water well with multiple storage tanks, ensuring ample resources. Additionally, the property has access to Water District 17 water.

Situated just outside of Lakeway and within the ETJ of Austin, this property presents numerous possibilities. With no HOA or restrictions, and surrounded by commercial businesses, you have the freedom to explore various potential uses. One of the owners is a licensed Real Estate Broker in the state of Texas

2022 financials: Gross revenue $180k (Two vacancy remodels). 2023 projected gross: $205k. NOI: $110k. Cap rate: 6.47%.

Don't miss this cash flowing value-add opportunity in Austin, Texas. Contact us to learn more.