$625,000
●
Multifamily -
Off Market
3617 Summit BND #AB
Austin, TX 78759
Studio
0 Bath
2,907 Ft²
$4,238
Est. Monthly
0.60%
Cap Rate
About This Property
Incredible investment opportunity in highly desirable Northwest
Hills. Feeding into top rated schools, this updated duplex provides
the opportunity to invest in one of the most coveted areas of
Central Austin, feeding into top rated schools and minutes from
Downtown and the Domain. Strong combination of 5% plus cap rate,
great condition and premium location. This duplex will be a
reliable money maker from day one while also having the upside of a
location that is prime for further appreciation. *Unit B vacant and
available for showings, Unit A can be shown with executed contract,
3D tours available for virtual walkthrough*
Unit Size
2,907 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$215
Property Type
Multifamily
Property Taxes
$1,168
HOA Dues
-
Year Built
1975
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Unlock MLS #ACT9290681)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Compass RE Texas, LLC | $625,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Covered Spaces: 1
Total Number of Parking: 2
Parking Features: Attached
Garage Spaces: 1
Interior Details
Interior Features: See Remarks
Appliances: Dishwasher, Free-Standing Gas Oven, See Remarks, Washer/Dryer
Flooring Type: Tile, Vinyl
Cooling: Central Air
Heating: Central
Living Area: 2907
Fireplace Features: Living Room
Fireplaces: 1
Exterior Details
Property Type: Residential Income
Property Sub Type: Duplex
Green Energy Efficient
Property Condition: Resale, Good
Year Built: 1975
Year Built Source: Public Records
View Desription: Neighborhood
Fencing: Wood
Levels: Two
Construction Materials: HardiPlank Type, Stone Veneer
Foundation: Slab
Roof: Composition
Exterior Features: See Remarks
Pool Features: None
Lot Features: Cul-De-Sac
Lot Size Acres: 0.2325
Lot Size Square Feet: 10127.7
Water Source: Public
Financial Details
Tax Year: 2024
Tax Annual Amount: $14,018
Utilities Details
Water Source: Public
Sewer : Public Sewer
Utilities For Property: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Location Details
Directions: Exit Mopac at Steck Ave and turn left on Forest Mesa Dr. Turn left on Ceberry Drive and right on Summit Bend.
Community Features: See Remarks
Other Details
Association Fee Includes: See Remarks
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/05/2024
|
Studio
|
-
|
2907 ft²
|
$625,000
Studio
-
2907 ft²
|
$625,000
09/05/2024
|
Lindsay Neuren
Compass RE Texas, LLC
|
Building Info
About Balcones Summit
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lindsay Neuren
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-09-24 06:31:22
Data Source: Unlock MLS, MLS# ACT9290681
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-09-24 06:31:22
Data Source: Unlock MLS, MLS# ACT9290681
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017