4414 Diane Drive

Austin, TX 78745

  • 3 Bed(s)
  • 5 Bath(s)
  • 3,086 Sqft
  • 0.276
    Acre(Lot)
$999,990

Description

This beautiful property has 4 separate living spaces, a main home & 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, & 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, & 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. leave as long-term leases, or convert to short term rentals with the new city of austin position on accepting non-owner occupied strs.

  • Property Type

    ResidentialIncome

  • Subdivision

    Ford Place

  • County

    Travis

  • Style

    ResidentialIncome

  • AD ID

    49110791

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Property Details

  • Interior Features

    • Bidet,BuiltInFeatures,CeilingFans,SeparateFormalDiningRoom,EatInKitchen,GraniteCounters,InLawFloorplan,KitchenIsland,LowFlowPlumbingFixtures,MultipleLivingAreas,MultipleDiningAreas,MainLevelPrimary,RecessedLighting,SmartThermostat,TrackLighting,HighSpeedInternet,Storage,Workshop
    • Roof: Composition

    Roofing Information

    • Composition

    Flooring Information

    • Concrete,Laminate,Wood

    Heating & Cooling

    • Heating: Central,NaturalGas
    • Cooling:

  • Building Information

    • Year Built: 1949

    Exterior Features

    • ExteriorSteps,Lighting,PrivateYard

  • Lot Information

    • Lot Dimensions: ~ 80' X 150'
    • Lot Description: BackYard,FrontYard,FewTrees,TreesLargeSize,TreesMediumSize,TreesSmallSize
    • Main Square Feet: 0.276

    Property Information

    • Subdivision: Ford Place

  • Tax Information

    • Annual Tax: $20635

  • Parking Information

    • Driveway

  • School Information

    • Elementary School: Joslin
    • Junior High School: Covington
    • Senior High School: Crockett

    Utility Information

    • AboveGroundUtilities,CableAvailable,ElectricityConnected,FiberOpticAvailable,NaturalGasConnected,HighSpeedInternetAvailable,PhoneAvailable,SewerConnected,WaterConnected

    Location Information

    • Direction: From IH35 driving west on HWY 71/290 exit to Menchaca, turn left on Menchaca 1 block south of Ben White, turn left on Redd, continue to Diane Dr. Turn left, last house on left.
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BuyOwner last updated this listing 04/05/2025 @ 15:44

  • MLS: 4427523
  • LISTING PROVIDED COURTESY OF: Jeffrey Schnabel, Compass RE Texas, LLC
  • SOURCE: ACTRIS

is a Home, with 3 bedrooms which is for sale, it has 3,086 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.