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Austin Duplex in Prime Location by Mueller! 1403 Braes Ridge Dr

2 Unit Apartment Building $841,403 CAD ($420,702 CAD/Unit) Austin, TX 78723

Investment Highlights

  • Quick access to 290, 183, Mopac, and 35.
  • Unit A is newly renovated and turn key ready
  • Minutes from the best of downtown Austin, UTA, shopping, hiking trails, shopping, and so much more.

Executive Summary

Location, location, location! Two units, one is vacant and one is occupied with a tenant on a month to month verbal lease agreement. Quick access to 290, 183, Mopac, and 35. Minutes from the best of downtown Austin, UTA, shopping, hiking trails, shopping, and so much more. Unit A is newly renovated and turn key ready with Pergo wood flooring throughout, freshly painted walls, and mini split (3) zoned AC in living area and both bedrooms. NEW kitchen with white cabinets, stainless steel appliances, drop sink, granite countertops, and built-in microwave. Both units have extra storage closets under the carport. Performed energy efficiency measures qualifying for City of Austin ECAD exemption. NO HOA!

Financial Summary (Actual - 2022)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $28,691 $17.80
Other Income - -
Vacancy Loss - -
Effective Gross Income $28,691 $17.80
Net Operating Income - -

Financial Summary (Actual - 2022)

Gross Rental Income (CAD)
Annual $28,691
Annual Per SF $17.80
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $28,691
Annual Per SF $17.80
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $841,403 CAD
Price Per Unit $420,702 CAD
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 1,612 SF
Average Occupancy 50%
No. Stories 1
Year Built/Renovated 1960/2023
Parking Ratio 2.48/1,000 SF

Unit Amenities

  • Air Conditioning
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $2,388 CAD 1,612

zoning

Zoning Code ZONING: SF-3-NP (ZONING: SF-3-NP City of Austin)
ZONING: SF-3-NP (ZONING: SF-3-NP City of Austin)
  • Listing ID: 28741240

  • Date on Market: 2023-06-13

  • Last Updated:

  • Address: 1403 Braes Ridge Dr, Austin, TX 78723

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