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2904 Pearl St, Austin, TX 78705
$1,215,000 Sale Pending
2904 Pearl St, Austin, TX 78705View this property at 2904 Pearl St, Austin, TX 78705
2904 Pearl StAustinTX78705
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Property Description
Located in the sought-after Heritage neighborhood just blocks from UT campus, this meticulously maintained quadplex presents a lucrative investment opportunity. All four units are currently leased through 7/31/2024, showcasing a history of consistent and effortless leasing each year.
Recent substantial investments of over $100,000 have elevated the property's value. Upgrades include a reinforced foundation with adjustable steel beams, new energy-efficient windows with lifetime warranty, and a modern sewer line equipped with a grinder pump for enhanced functionality.
The front two units showcase the original charm of the property with hardwood floors and preserved wood trim, reflecting the original architecture. In contrast, the back two units, an addition, feature vaulted ceilings that impart an open and spacious ambiance throughout.
Enjoy the abundance of natural light that bathes the entire property, creating a warm and inviting atmosphere. Ample parking is available, including front driveways, side parking, and designated spots in the back alley. A shared coin-operated laundry facility adds convenience for tenants and additional income.
Indulge in the serene outdoor spaces, with each unit boasting a covered porch area. The property is thoughtfully landscaped with privacy bamboo, a protective fence, and mature trees encircling the perimeter, providing a tranquil living environment.
With three 1/1 units and one 2/1 unit, generating a monthly income of $6205, this quadplex is a sound investment with potential for future growth. The property is zoned MF-2 opening it up for potential future opportunities. Several tenants have already expressed interest in renewing, underlining the property's desirability and stability in the rental market. Don't miss out on this exceptional opportunity for a thriving investment property. Please DO NOT disturb the tenants.
Full Property Details
Full Property Details for 2904 Pearl St
General
- Price: $1,215,000
- Taxes: $17,045 (2023)
- Status: Pending
- Type: Multi-Family
- MLS ID: 8653104
- Updated: 4/23/2024
- Added to Site: 77 day(s) ago
Interior
- Interior Features: Breakfast Bar, Vaulted Ceiling(s), Granite Counters, Laminate Counters, Primary Bedroom on Main
- Appliances: Dishwasher, Free-Standing Electric Oven, Free-Standing Electric Range, Refrigerator, Washer/Dryer
- Flooring: Laminate, Linoleum, Tile, Vinyl, Wood
Rooms
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Laundry Facility(s), Street Lights
- Security/Safety: Smoke Detector(s)
- Equipment: None
- Other Features: None
Exterior
- Deck/Patio: Deck, Front Porch, Side Porch
Parking
- Total Spaces: 8
- Parking Features: Additional Parking, Alley Access, Paved, Shared Driveway
Location
- Area: UT
- County: Travis
- Subdivision: Harpers
- Driving Directions: From I -35 exit 38 1/2th Street and head west on 38 1/2th street. Turn left on N Lamar and head south. Turn Left on 30th st and head east. Turn right on Pearl st and head south. Property will be on the Right.
- Direction Faces: SE
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Bryker Woods
- Middle School: O Henry
- High School: Austin
Community
- Pet Restrictions: Negotiable
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Internet-Fiber, Sewer Connected, Water Connected
- Metering: Electric Separate, Gas Common, Water Separate
Structural Information
- Exterior Const.: Wood Siding
- Foundation: Pillar/Post/Pier, See Remarks
- Roof: Shingle
- Windows: ENERGY STAR Qualified Windows
- Disability Access: None
- Square Feet: 2,892
- Living Area: 2,892 Sq. Ft.
- Year Built: 1950
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1864
- Lot Size (Sq. Ft.): 8,119.58
- Lot Features: Level, Trees-Large (Over 40 Ft)
- Lot Description: Level, Trees-Large (Over 40 Ft)
- Fencing (Description): Fenced
Water Features
- Water Front View: None
Financial Considerations
- Lot Price Per Sq. Ft.: $149.64
- Tax Amount: $17,045.02
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Aerial Photos, Leases, Rent Roll, Survey
- Property ID: 2170212120000
Listed by eXp Realty, LLC
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Schools
Schools serving 2904 Pearl St
School District:Austin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
3309 Kerbey Ln, Austin, TX 78703 | PK-5 | 0.6 mi | |
1715 W Cesar Chavez St, Austin, TX 78703 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2904 Pearl St
Date
Details
Price
Change
Source
4/04/2024
Price Reduced
$1,215,000
-4.71%
MLS
3/19/2024
Price Reduced
$1,275,000
-4.49%
MLS
2/14/2024
Listed
$1,335,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2904 Pearl St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$20,852
—
$942,106
-11%
2022
$20,852
26%
$1,055,817
39%
2021
$16,499
35%
$758,000
38%
2020
$12,232
4%
$549,362
—
2020
$11,783
-2%
$549,362
—
2018
$12,067
-5%
$549,362
—
2016
$12,686
2%
$549,362
-3%
2017
$12,401
-7%
$568,832
-2%
2015
$13,327
18%
$580,438
9%
2013
$11,331
—
$531,698
16%
2013
$11,331
—
$460,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2904 Pearl St
2904 Pearl St, Austin, TX 78705 (MLS# 8653104) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 2904 Pearl St is currently listed for $1,215,000 and was received on February 14, 2024. Want to learn more about 2904 Pearl St? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.