7402 Geneva DR, Austin TX, 78723
(Active)
$825,000
|
2,044 sqft
|
MLS# 2220916
Last Updated: 5/4/2024 9:50 AM
Description for
7402 Geneva DR
Austin, TX 78723
Great income producing investment duplex in coveted University Hills, ideally situated next to major highways IH-35, Highway 183 and 290 sitting on over a quarter acre and a Low Tax Rate of 1.9%. Earnings 2023 = $45,000. Can also be an AIRBNB with City Approval. 5% down if you plan to live in one unit and rent the other one out. Enjoy ownership of this 4 bedroom 4 bathrooms 2 laundry rooms and 2 car garage duplex in an established neighborhood with mature trees and parks perfect for families, with a deck overlooking Walnut Creek perfect for entertaining and relaxing while enjoying the outdoors. Recent renovations include roof replacement, updates to the bathrooms and laundry rooms and a new AC unit. Just under 10 minutes to downtown Austin, UT, Austin Community College, Domain in North Austin giving you a variety of restaurants and shopping options, Austin FC Stadium and major tech company employers. For a savvy investor this positive cashflow property offers a promising opportunity to make your own interior cosmetic updates for instant value add and rent increases in this quiet family neighborhood with no HOA and a ton of new construction development. The property has 2 leased Units with long-term tenants and leases end in March 2024 and July 2024: Unit A (2-2, separate Laundry Room + 1 car garage) & unit B (2-2, separate Laundry Room + 1 car garage). Don't Miss Out! Lenders available.
Price
$825,000
University Hills Sec 04 Ph 04
Travis
2,044 (approx)
2220916
Active
Description
Great income producing investment duplex in coveted University Hills, ideally situated next to major highways IH-35, Highway 183 and 290 sitting on over a quarter acre and a Low Tax Rate of 1.9%. Earnings 2023 = $45,000. Can also be an AIRBNB with City Approval. 5% down if you plan to live in one unit and rent the other one out. Enjoy ownership of this 4 bedroom 4 bathrooms 2 laundry rooms and 2 car garage duplex in an established neighborhood with mature trees and parks perfect for families, with a deck overlooking Walnut Creek perfect for entertaining and relaxing while enjoying the outdoors. Recent renovations include roof replacement, updates to the bathrooms and laundry rooms and a new AC unit. Just under 10 minutes to downtown Austin, UT, Austin Community College, Domain in North Austin giving you a variety of restaurants and shopping options, Austin FC Stadium and major tech company employers. For a savvy investor this positive cashflow property offers a promising opportunity to make your own interior cosmetic updates for instant value add and rent increases in this quiet family neighborhood with no HOA and a ton of new construction development. The property has 2 leased Units with long-term tenants and leases end in March 2024 and July 2024: Unit A (2-2, separate Laundry Room + 1 car garage) & unit B (2-2, separate Laundry Room + 1 car garage). Don't Miss Out! Lenders available.
Listing Information
| Property Type: Duplex, Multi-Family, 1 Story | ||
| 0.37 Acres | 2,044 (approx) | 1985 |
| Yes-2 spaces | 1 | Brick |
University Hills Sec 04 Ph 04
Slab
Public
Public Sewer
Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Neighborhood
School Information
| Andrews | Pearce Middle | Lyndon B Johnson (Austin ISD) |
Room Information
Laundry Room
Interior Features
Convection Oven, Cooktop
Vinyl
Central Air
Other,
Central
Screens
Doors,
Common Area, Accessible Doors
Varies By Unit
Breakfast Bar, Open Floorplan
Exterior / Lot Features
2 Garage Spaces,
Driveway, Garage, Off Street
Brick
Deck
Shingle
None
Other
Gas Grill,
Few Trees, Level, Private
Community Features
Varies By Unit
Driving Directions
From downtown Austin on IH-35, take US-290 East, Exit 238B, Take Berkman Dr, Right onto Geneva Dr. Destination is on your right.
Financial Considerations
| 02262204140000 |
| $11,831 |
Cash, Conventional, VA Loan
Listing Price History
Austin Real Estate
Austin is located in Texas. Austin, Texas 78723 has a population of 986,248.
The median household income in Austin, Texas 78723 is $66,716. The median household income for the surrounding county is $83,177 compared to the national median of $66,222. The median age of people living in Austin 78723 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/3/2024 | Active | $825,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2022 | $10,467 USD | 22.21% | $653,939 USD | 6.14% |
| 2021 | $8,565 USD | 6.56% | $616,127 USD | 55.36% |
| 2020 | $8,038 USD | 3.16% | $396,585 USD | 9.16% |
| 2019 | $7,792 USD | 24.23% | $363,300 USD | - |
| 2018 | $6,272 USD | 9.67% | $363,300 USD | 27.22% |