5011 Cape Verde Cv, Austin, TX 78744

Back on market due to initial offer not being able to obtain financing. Excellent investment opportunity just South of the booming St. Elmo development district. Current out of state owners have poured tens of thousands of dollars into the remodel, but were unable to finish before the arrival of their twins and now don't have the bandwidth to finish their project. Major expenditures were foundation repair with lifetime transferrable warranty, brand new luxury vinyl plank flooring, significant roof repairs, HVAC replacement. Their loss is your gain. Many great investment strategies here: Get immediate sweat equity by finishing the kitchens and bathrooms for a quick flip, live in one half and rent out the other to live almost for free, rent out both sides for immediate cashflow, or build a condo regime and sell each unit individually for higher returns. Fully renovated units in the area are renting at $1800-2150 a month.