$399,900
●
House -
Off Market
4606 Franklin Park DR
Austin, TX 78744
3 Beds
2 Baths
1,231 Ft²
$2,531
Est. Monthly
5.44%
Cap Rate
About This Property
Welcome to this thoughtfully updated gem in the heart of Southeast
Austin. The interior was thoroughly remodeled in 2021. The entire
inside was freshly painted and all floors replaced with luxury
vinyl plank. The gutted kitchen saw new cabinets with
soft-close doors, quartz countertops, subway tile black splash, new
appliances, and recessed lights. Both bathrooms were also
completely updated. Enjoy entertaining in the large private yard
with lush landscaping and tall trees. There's also a Tuff Shed in
the backyard for extra storage so you can park cars in the garage.
The huge laundry room provides tons of additional storage. More
updates include an expanded primary closet, replaced HVAC duct
work, added R-38 attic insulation, and a new main electrical
service panel. Great location with easy access to Hwy 71, I-35, the
airport, and McKinney Falls State Park. Request the complete list
of updates that were made.
Unit Size
1,231 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$325
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1975
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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 #ACT9166907)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Listed by Kuper Sotheby's Int'l Realty | $399,900 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 31, 2021 | In contract | - | |
| In contract | |||
| Jul 22, 2021 | Listed by Keller Williams - Austin NW | $375,000 | |
| Listed by Keller Williams - Austin NW | |||
| | |||
|
Beautiful remodel with easy access to 71 and 35. Tuff Shed is perfect for extra storage so you can park your cars in the garage. HUGE laundry room with tons of cabinets. Great natural light. Super close to McKinney Falls State Park for camping, swimming, hiking, biking, fishing, and group gatherings all close enough to enjoy daily. A mere 10 minutes to the vibrant downtown area and only 18 minutes to Tesla Giga Factory. The manager has listed the unit size as 1231 square feet.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southeast Austin
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Listed by: Seth Thompson
Listed Office: Kuper Sotheby's Int'l Realty - Listing courtesy of Unlock MLS
Phone: (512) 831-6577
Last Updated: 2024-05-03 19:15:54
Data Source: Unlock MLS, MLS# ACT9166907
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Kuper Sotheby's Int'l Realty - Listing courtesy of Unlock MLS
Phone: (512) 831-6577
Last Updated: 2024-05-03 19:15:54
Data Source: Unlock MLS, MLS# ACT9166907
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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