7402 Geneva Drive

Austin, TX 78723

$825,000
Price
4
Beds
4
Baths
2,044 Sq. Ft.
$404 / Sq. Ft.
2,044
Sq. Ft.
$404
per Sq. Ft.

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...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.
  1. Listed by Irene Mwathi • TREC #0722193 • Spyglass Realty • 512-934-1411

Property Details for 7402 Geneva Drive

Subdivision Name
University Hills Sec 04 Ph 04
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
Neighborhood
Pets Allowed
Yes
Parcel Number
02262204140000
Tax Lot
44

Location

Listing Courtesy of Spyglass Realty, Irene Mwathi, TREC #0722193
Add your commute
LISTING UPDATED: 03/03/2024 05:03 AM

Property Details for 7402 Geneva Drive

StatusActive
MLS #2220916
Days on Market61
Taxes$11,831 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1985
Lot Size0.37 AC / 16,134 SF
CountyTravis County

Location

Listing Courtesy of Spyglass Realty, Irene Mwathi, TREC #0722193
Add your commute

Building Information for 7402 Geneva Drive

Stories1Residences-Year Built1985Building Size-Lot Size0.37 AC / 16,134 SF

Payment Calculator

$5,488 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$986

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7402 Geneva Drive

General Information
Parking
  • Garage Spaces: 2
  • Parking Features: Driveway, Garage, Off Street
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Breakfast Bar, Main Level Master, Multiple Primary Suites, Open Floorplan, Quartz Counters
  • Flooring: Vinyl
  • Appliances: Convection Oven, Cooktop
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
  • Restrictions: City Restrictions, Zoning Restrictions
Exterior
  • Exterior Features: Exterior Steps, Gas Grill
  • New Construction: No
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Fencing: None
  • Direction Faces: North
  • Window Features: Screens
  • Accessibility Features: Common Area, Accessible Doors
  • Community Features: Barbecue, Playground, Park
Property Information
Lot Information
  • Lot Features: Level, Private, Few Trees
  • Horse: No
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Owner Pays: None
  • Water Source: Public
Unit Information
Unit 1
  • UnitNum: B
  • BedsTotal: 2
  • NumFullBaths: 2
  • NumHalfBaths: 0
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $1,800.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 03-31-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,800.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Unit 2
  • UnitNum: A
  • BedsTotal: 2
  • NumFullBaths: 2
  • NumHalfBaths: 0
  • BathsTotal: 2
  • Furnished: Unfurnished
  • ActualRent: $1,700.00
  • LeasedYN: Yes
  • OccupantType: Occupied
  • LeaseExpires: 09-30-2024
  • PetDeposit: $.00
  • PetDepositPerPetYN: No
  • Deposit: $1,700.00
  • MonthToMonthYN: No
  • FireplaceYN: No
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $653,939
  • Tax Year: 2023
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: Varies By Unit
  • 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.

Property History for 7402 Geneva Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7402 Geneva Drive

Taxable ValueLand$330,000Additions$323,939Total$653,939
Tax Record2022$10,467 ($872 / month)
Home Facts
Total Finished SqFt2,044 SqFtAbove Grade Finished SqFt2,044 SqFtStories1Lot Size16,135 SqFtStyleDuplexYear Built1985CountyTRAVISAPN0226220414

Schools near 7402 Geneva Drive

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Andrews Elementary School
PublicPK to 5

Webb Middle School
Public6 to 8

Lbj High School
Public9 to 12

Sadler Means Ywla
Public6 to 8

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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7402 Geneva Drive is a multi-family home for sale in Austin, TX 78723. This property was listed for sale on March 3, 2024 by Spyglass Realty, it's currently listed at $825,000. This listing's school district is Austin Independent School District. Nearby schools include Andrews Elementary School, Webb Middle School and Lbj High School. 7402 Geneva Drive is a 4-bed, 4-bath, 2,044 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Spyglass Realty, Irene Mwathi, TREC #0722193

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.