Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $236 per day and long-term for an average of $2,437 per month, based on similar listings in the area. Estimated short-term cap rate of 3.3%. Estimated long-term cap rate of -2.1%. Motivated Seller! Cash Buyer Opportunity! Highly desirable Cherry Creek home located on a lovely cul-de-sac just off of Westgate North of William Cannon with large quarter acre lot. Cash purchasers only on this one as the foundation needs leveling and there is bare concrete flooring. However extensive work was done to this home in 2022 due to house fire and was taken down to the studs and City of Austin permitted work done to rebuild. Improvements include: new roof, electrical rewire, full kitchen and bathroom remodels, sheetrock and texture, insulation, HVAC, water heater, some new hardi plank siding, recessed lighting, new vinyl windows. So much already done and so much potential to take it to the next level. Seller is pricing to sell with room for renovation and remaining healthy equity and profit. See features and improvements in attached documents.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $8907 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,517 |
Furnished | unknown |
Year built | 1977 |
Listing Status | Off Market |
MLS | 6897055 |
