I am considering listing my investment property on MLS by early next week and wanted to present the opportunity on this forum before it goes onto MLS.
It's a 2BR/2BA condo, 952 sq.ft, in a very nice location in Austin, TX. As you know, Austin market is doing really good and this happens to be in a very high demand area. It got lots of amenities, feeds into good schools, walking distance to HEB and easy access to freeways. It's currently rented for $850/month, below the market rent due to a long term tenant. Renewal could be around $900/month. Current lease is ending in July. I have owned it for about 5yrs, very low maintenance, high demand for leasing and there is an on-site management that manages the property at a very reasonable fee.
The current listings from this property are in the $87k-$89k range. For no agent fee, all cash, quick closing, I can let it go for $79k. Clear title.
These units have sold at $140k range before the market crash and are on the rise again. I would hold it if I am not in immediate need of funds.
For any other questions, please reach out to me at krispatx@gmail.com
