4414 Dianne Dr

4414 Dianne Dr is listed for sale at $ 999,990. This is a Residential Income - Quadruplex property. 3086 square feet and was built in 1949. The lot size is 12022.6 Square feet. ##BR##This beautiful property has 4 separate living spaces, a main home and 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, and the rear fenced area leased up, gross rent is ~$83,100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David’s south, just off Ben White in Ford Place, and conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out and remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, and the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A and 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant’s entrance. This property is a must-see and an amazing investment opportunity for those looking to invest in real estate. Leave as long-term leases, or convert to short term rentals with the new City of Austin position on accepting non-owner occupied STRs.