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REDUCED! AUSTIN 78704 Duplex=Condo Conversion Prop
1602 Morgan Lane A & B, Austin, TX 78704
Duplex Property View f/East
Last Verified 12/10/2009
Listing ID 15949478
Description
So Central Old Austin, TX (78704)--2-story Contemporary garden duplex READY FOR CONVERSION INTO 2 CONDOS--survey completed + draft condo regime docs ready to finalize. Ideal time to buy as duplex, hold with cash flow from rental income and RE-SALE as 2 CONDOS, or sell one/live in other. Seller will sell as 2 condos: Unit A=$295K; Unit B=$220K or consider carrying 2nd on duplex.
Architect-designed 1602-A/B duplex constructed 2002. Unit A =3 bedrooms/2.5 baths. Unit B =2 bedrooms/1.5 baths. Total 2,596 sf per tax rolls. Total monthly rents for 2 months in 2008 =$3405 (A=2110/mo, B=1295/mo). Current rents as/of March 1, 2009 total $2945 (A=$1,650/mo; B=$1295/mo) Lse exp B-Sept'08 & A-Feb2010.
Tree-top views and gardens surround this modern 2-unit residential duplex in Old South Central Austin. FirePlace + Polished concrete floors downstairs, wood floors upstairs in Unit A; carpet upstairs in Unit B. Both units have built-ins, appliances, W/D, pre-wired security system, in-ground sprinkler system, enclosed single car garage per unit with automatic door opener, fenced rear yards, storage, and trees, trees, trees. Motivated Seller--Owner/Agent.
South Central Old Austin 78704 (off Bannister, north of Ben White/290W between S. Lamar and S. 1st Street).
Map of 1602 Morgan Lane A & B, Austin, TX 78704 (Travis County)
Created 10/18/2008
Additional Information for 1602 Morgan Lane, Austin, TX 78704
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