For Sale
$774,900

2403 Sherwood LnAustin, TX 78704

High-return duplex near South Congress.

Overview

Added:
Dec 11, 2024
Days on market:
116
This Austin, Texas duplex presents a compelling investment opportunity. Located at 2403 Sherwood Ln, 78704, in Travis County, this one-story, Class B multifamily property boasts two units, each priced at $387,450, for a total asking price of $774,900. The property features a total of 1,600 to 2,000 square feet of living space situated on a 10,433 square foot lot. Four parking spaces are available. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $42,000, resulting in a 5.42% capitalization rate. Its prime location is just three blocks from a new H-E-B supermarket under construction and minutes from St. Edward's University and downtown Austin's attractions. The property features a spacious yard with a shaded picnic area, ideal for social gatherings. While the listing notes unique interior features, the specific details are not included in this description. This duplex offers a blend of strong financial performance and desirable location within a thriving Austin neighborhood.

Highlights

  • Austin, TX duplex investment opportunity; 2 units, $774,900 asking price.
  • 1,600-2,000 sq ft on a 10,433 sq ft lot, 4 parking spaces.
  • 100% occupancy, $42,000 NOI, 5.42% cap rate.
  • Prime South Austin location, 3 blocks from new H-E-B, near St. Edward's University and downtown.

Property Details for 2403 Sherwood Ln

Property type
Small apartment buildings
Square Feet
1,600 SF
Class
B
Stories
1
Units
2

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.23664377
Longitude
-97.75035487
2403 Sherwood Ln, Austin, Texas

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2403 Sherwood Ln
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