1717 Lightsey RD
About This Property
We also have 1801 Lightsey Road for sale (MLS #6950854) which includes the entire parcel (1801, 1717, 1713 and 1709 Lightsey - 4 legal lots totaling 47,000 square feet). This is an unbelievably rare opportunity to own over an acre in Central Austin with views of Downtown! Build your private estate or build a multi-family community. The back lot currently has two structures on it, including a one-of-a-kind ferro-concrete dome with a viewing tower for a fantastic view of Downtown Austin. Tucked away in the quiet pocket of Low Theodore Heights, this tree-lined area is close to everything that Central Austin has to offer with easy access to major highways!
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2024 | No longer available | - | |
| No longer available | |||
| Jul 18, 2023 | Listed by eXp Realty, LLC | $1,800,000 | |
| Listed by eXp Realty, LLC | |||
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Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2024-06-01 06:08:32
Data Source: Unlock MLS, MLS# ACT1849709
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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