1505-1509 Oreilly Court
1505-1509 Oreilly Court
Closed 10/10/23
Closed 10/10/23
Description
Welcome, investors! This property in Austin, Texas offers excellent cash flow and value-add potential. Spanning 2.6 acres across 2 lots, it includes a 4-plex, duplex, commercial shop, tiny house, and yurt near highway 620. The tiny house and yurt generated $88k as short-term rentals last year, offering an oasis with hot tubs, a sauna, and a creek. The 4-plex has two 2/1 units and two 1/1 units, unit d was recently...Investment Opportunity in Austin, Texas - Cash Flow Real Estate with Value-Add Potential
Welcome, investors! This property in Austin, Texas offers excellent cash flow and value-add potential. Spanning 2.6 acres across 2 lots, it includes a 4-plex, duplex, commercial shop, tiny house, and yurt near highway 620. The tiny house and yurt generated $88k as short-term rentals last year, offering an oasis with hot tubs, a sauna, and a creek. The 4-plex has two 2/1 units and two 1/1 units, unit d was recently updated and is renting for $1,300. The duplex consists of two 2-bedroom/1-bathroom units. Unit B has undergone a complete remodel, featuring new paint inside and outside, new flooring, cabinets, countertops, appliances, shower, vanities, toilet, interior doors, plugs and switches, and light fixtures. This unit can be rented on a long-term basis for $1,695 per month or can be a valuable addition to the short-term rental market, projected to generate $3,000 to $4,000 monthly due to its serene wooded surroundings. The commercial shop spans 2,112 square feet and offers a full kitchen, bathroom, and loft room. Equipped with two large garage doors, it is currently leased for $2,200 per month. The property includes two septics and a water well with multiple storage tanks, ensuring ample resources. Additionally, the property has access to Water District 17 water. Situated just outside of Lakeway and within the ETJ of Austin, this property presents numerous possibilities. With no HOA or restrictions, and surrounded by commercial businesses, you have the freedom to explore various potential uses. One of the owners is a licensed Real Estate Broker in the state of Texas
2022 financials: Gross revenue $180k (Two vacancy remodels). 2023 projected gross: $205k. NOI: $110k. Cap rate: 6.47%. Don't miss this cash flowing value-add opportunity in Austin, Texas. Contact us to learn more.
- Listed by Blake Wilder • TREC #0670055 • Wilder Realty LLC
Property Details for 1505-1509 Oreilly Court
Location
Sold By All City Real Estate Ltd. Co, Bella Lile, TREC #0664746
Property Details for 1505-1509 Oreilly Court
| Status | Closed |
|---|---|
| MLS # | 5572038 |
| Days on Market | 132 |
| Taxes | $16,000 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1965 |
| Lot Size | 2.54 AC / 110,511 SF |
| County | Travis County |
Location
Sold By All City Real Estate Ltd. Co, Bella Lile, TREC #0664746
Building Information for 1505-1509 Oreilly Court
Payment Calculator
$12,248 per month
30 year fixed, 7.25% Interest
$10,915
$1,333
$0
Property Information for 1505-1509 Oreilly Court
- Garage Spaces: 5
- Parking Features: Common
- Garage: Yes
- Covered Spaces: 5
- Interior Features: Ceiling Fan(s), Sauna
- Flooring: Carpet, Vinyl, Wood
- Appliances: Dryer, Electric Oven, Free-Standing Electric Range, Free-Standing Gas Range, Gas Water Heater, Refrigerator, Washer
- Fireplace: No
- Fireplaces Total: 0
- Laundry Features: Washer Hookup, Gas Dryer Hookup
- Restrictions: See Remarks
- Exterior Features: Balcony
- New Construction: No
- Construction Materials: Frame, Stone, Wood Siding
- Foundation Details: Pillar/Post/Pier, Slab
- Patio And Porch Features: Covered, Balcony
- Roof: Composition, Metal
- Fencing: Wood
- Direction Faces: North
- Window Features: Blinds
- Accessibility Features: None
- Community Features: Laundry Facilities, See Remarks
- Lot Features: Private, Many Trees, Views
- Horse: No
- Cooling YN: Yes
- Cooling: Central Air
- Heating YN: Yes
- Heating: Ceiling, Central, Electric, Propane
- Sewer: Private Sewer, Septic Tank
- Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Propane, Phone Available, Sewer Connected, Underground Utilities, Water Connected
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Insurance, Repairs, See Remarks, Taxes, Trash Collection, Water
- Water Source: Well
- UnitNum: D
- BedsTotal: 1
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,300.00
- LeasedYN: No
- OccupantType: Vacant
- PetDeposit: $.00
- PetDepositPerPetYN: Yes
- Deposit: $1,300.00
- MonthToMonthYN: Yes
- FireplaceYN: No
- Permission: IDX
- UnitNum: C
- BedsTotal: 1
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,200.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 05-31-2023
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $800.00
- MonthToMonthYN: No
- FireplaceYN: No
- Permission: IDX
- UnitNum: B
- BedsTotal: 2
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,200.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 05-31-2023
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $800.00
- MonthToMonthYN: No
- FireplaceYN: No
- Permission: IDX
- UnitNum: A
- BedsTotal: 2
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Unfurnished
- ActualRent: $1,200.00
- LeasedYN: Yes
- OccupantType: Occupied
- LeaseExpires: 05-31-2023
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $800.00
- MonthToMonthYN: No
- FireplaceYN: No
- Permission: IDX
- Association: No
- Tax Assessed Value: $817,358
- Tax Year: 2022
- Tax Rate: 1.77%
- Security Features: None
- Directions: Going Northbound on 620 towards the Dam take a right onto Debba Dr. You will take the second left onto Oreilly ct. Its a short gravel rd. Drive all the way to the end. You will see 1505 Oreilly at the top on the right and 1509 Oreilly is down the driveway.
Property History for 1505-1509 Oreilly Court
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1505-1509 Oreilly Court
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | PK to 3 |
Rating | School | Distance |
|---|---|---|
Lake Travis Elementary School PublicPK to 5 | ||
Hudson Bend Middle School Public6 to 8 | ||
Lake Travis High School Public9 to 12 | ||
Bluebonnet Montessori School of Lakeway PrivatePK to 3 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Wilder Realty LLC, Blake Wilder, TREC #0670055
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.