4414 DIANE DR
AUSTIN, TX 78745

$999,990

5 Beds

2 Baths

1,160 Sq Ft

Status Active

MLS# 5085718

Ever consider owning both your own home + 3 rental properties that can help you pay your mortgage? This beautiful property has 4 separate living spaces, a main home & 3 apartments. The apartments are currently rented on 2-year leases promising long-term income, & the main home is ready for an owner-occupant, or a new tenant. An owner-occupant in the main home can either continue the long-term leases in the 3 apartments or convert them to short-term rentals when those existing leases expire. 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, & the rear fenced area leased up, gross rent is ~$82,500 + 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, & 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 & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 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 & an amazing investment opportunity for those looking to invest in real estate, be they owner-occupants or pure investors.

Details for 4414 DIANE DR

$862 / Sq Ft

2 parking spaces

Central, Natural Gas

15 Days on website

0.276 acres lot

Interior

Appliances

Dishwasher, Disposal, Exhaust Fan, Gas Range, Instant Hot Water, Microwave, Gas Oven, Plumbed For Ice Maker, Refrigerator, See Remarks, Stainless Steel Appliance(s), Washer/Dryer, Washer/Dryer Stacked, Water Heater-Electric, Water Heater-Gas, Tankless Water Heater

Bathrooms Full

Bathrooms Total

Bedrooms Total

Fireplace Features

None

Flooring

Concrete, Laminate, Wood

Interior Features

Bidet, Built-in Features, Ceiling Fan(s), Granite Counters, Electric Dryer Hookup, Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Kitchen Island, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom On Main, Recessed Lighting, Stackable W/D Connections, Storage, Track Lighting, Washer Hookup

Living Area

1,160 SqFt.

HOA Features

Association Fee Includes

Building And Construction

Accessibility Features

None

Building Features

Property Sub Type

Single Family Residence

Property Type

Residential

Security Features

["Building Security", "Carbon Monoxide Detector(s)", "Closed Circuit Camera(s)", "Fire Alarm", "Security Lights", "Security System Owned", "Smoke Detector(s)", "See Remarks"]

Window Features

Bay Window(s), Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Screens, Vinyl Windows

Year Built

1949

Exterior And Lot

Exterior Features

Exterior Steps, Lighting, Private Entrance, RV Hookup

Lot Features

Back Yard, Few Trees, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Trees-Small (Under 20 Ft)

Lot Size Acres

0.276

Lot Size Square Feet

12022.56

Parking Features

Driveway

Parking Total

Patio And Porch Features

["Front Porch", "Patio", "Porch", "See Remarks"]

Pool Features

["None"]

Spa Features

["None"]

Waterfront Features

["None"]

Utilities

Cooling

["Central Air", "Electric"]

Heating

Central, Natural Gas

Area And Schools

City

Austin

Community Features

Curbs, Google Fiber, High Speed Internet, Laundry Facility(s), Park, Sidewalks, Storage, Street Lights

County Or Parish

Travis

Elementary School

Joslin

High School

Crockett

Middle Or Junior School

Covington

School District

Austin ISD

Subdivision Name

Ford Place

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$19,829

Tax Year

2024

Details for 4414 DIANE DR

Interior

HOA Features

Building And Construction

Exterior And Lot

Utilities

Area And Schools

Financial Info

Area Information for 4414 DIANE DR