2403 Sherwood LnAustin, TX 78704

Property Details for 2403 Sherwood Ln

Property size (Sq ft)

1,600 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2366

Longitude

-97.7504

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