Need More Info?

Crystal Olenbush

512-344-6000
  • 4414 Diane Drive

  • $999,990
  • 5 Beds, 2 Bath, 3086 SQ. Feet, 0.28 Acres Residential Austin, TX 78745

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.

View More Properties in the 78745 Zip Code. View More Properties in the Austin School District.

Essential Information

  • MLS® #5085718
  • Price$999,990
  • Bedrooms5
  • Bathrooms2.00
  • Full Baths2
  • Square Footage3,086
  • Acres0.28
  • Year Built1949
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive

Community Information

  • Address4414 Diane Drive
  • SubdivisionFord Place
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78745

Amenities

  • ParkingDriveway
  • ViewNone
  • WaterfrontNone

Utilities

Above Ground Utilities, Cable Available, Electricity Connected, Fiber Optic Available, Natural Gas Connected, High Speed Internet Available, Phone Available, Sewer Connected, Water Connected

Features

Curbs, Internet Access, Laundry Facilities, Park, Storage Facilities, Street Lights, Sidewalks

Interior

  • InteriorConcrete, Laminate, Wood
  • HeatingCentral, Natural Gas
  • CoolingCentral Air, Electric
  • FireplacesNone
  • StoriesMulti/Split

Appliances

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

Exterior

  • RoofComposition

Exterior Features

Exterior Steps, Lighting, Private Entrance, RV Hookup

Lot Description

Back Yard, Front Yard, Few Trees, Trees Large Size, Trees Medium Size, Trees Small Size

Windows

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

Construction

Blown-In Insulation, HardiPlank Type, Masonite, Concrete

Foundation

Combination, Pillar/Post/Pier, Slab

School Information

  • DistrictAustin ISD
  • ElementaryJoslin
  • MiddleCovington
  • HighCrockett

Map & Directions

View in Google Maps
Please provide a valid email address.

Property Listed by: Compass Re Texas, Llc

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from July 17th, 2024 at 2:19pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.