Cashflow, turnkey property located within 5-minute walk from the UT Campus. 609 Elmwood next door is exactly the same selling at the same price and a buyer can purchase one or both 3-plexes. Demand for 4 to 7 Bed. Hoses and Units within walking distance to UT are extremely high as available 4 to 7-bed rental units are extremely limited. Students pre-lease those units years in advance to have a chance to live in one of them. All units in both 3-plexes are not only 100% occupied with leases that ends July 31st, 2024 at$1, 250/bedroom rent which is $35K/mo. or $420K/yr. but it is also pre-leased with fully executed leases for the Aug 1st, 2024 July 31st, 2025 period…
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The average household income in
Austin, TX
grew
from
$67,755
to
$71,543
in the past year. This data is an estimate based upon
390,395
households in
Austin, TX. The chart below presents how household income is distributed in
Austin, TX
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Austin, TX
compared to median property taxes around the country. The prevalent amount of property taxes in
Austin, TX
equals
$3k+
, which is
more
than the national average.