Modern, two-story home in South Austin's highly desirable Olympic
Heights community, thoughtfully renovated with stylish upgrades and
everyday functionality in mind. The beautifully remodeled kitchen
is a true showpiece, featuring expanded custom cabinetry, gorgeous
quartzite countertops, a butcher block island, stainless steel
appliances, a built-in wine fridge, coffee bar/drink station,
recessed lighting, and an under-the-counter water filtration
system. With bar seating at both the island and kitchen counter,
there's plenty of room for the chef, sous chef, and guests to
gather. The spacious living room is filled with natural light from
surrounding windows and is accented by a Modern Forms Windflower
ceiling fan. New French double doors lead to the backyard, creating
a seamless indoor-outdoor living experience. Step outside to enjoy
the covered patio and low-maintenance composite decking, offering
the perfect setting for relaxing, entertaining, or pursuing your
favorite hobbies in the fully fenced backyard. Upstairs, you'll
find two secondary bedrooms that share a full bath featuring
updated quartzite countertops. The spacious primary suite offers a
private ensuite bath with a garden tub, quartzite countertops, and
a generous walk-in closet. Major system updates provide added peace
of mind, including a new roof installed in 2021 and an HVAC system
replaced in 2022. Google Fiber available. Olympic Heights residents
enjoy exceptional community amenities, including a private pool,
two gated dog parks, scenic walking trails, and peaceful ponds.
Just minutes away, you'll find the vibrant South Menchaca
entertainment district with its popular restaurants, food trucks,
breweries, and live music, along with the extensive shopping and
dining options at Southpark Meadows. Don't miss this opportunity to
own an updated home in one of South Austin's most sought-after
communities! **OFFERING $9K for buyer closing COSTS to buy down the
rate or use for other closing cost. ***
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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