23505 Fulkes LN Leander, TX 78641
8,010 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,010 sqft
Price per Sqft $87
Subdivision Sandy Creek Ranches Ph 2 Sec
MLS Listing ID 5700948
Year Built 1980
Annual Tax Amount $14,535
Tax Year 2025
Lot Size 2.070 Acres
Acres 2.07
Property Sub-Type Multi Family
Source actris
Property Description
The property consists of one main home at the front and three additional units at the back. The front home is a well-maintained 4-bedroom, 2-bath residence with its own separate water connection and septic system. The three homes at the rear of the property are currently tenant-occupied, with one structure divided into two separate units, bringing the total to four rental units in the back area.
Current rental income in the rear units includes $1,300/month, $1,000/month, $1,300/month, and $1,700/month, providing strong income potential. The front home could potentially rent for approximately $2,000/month.
There are three septic systems on the property (one permitted and two unpermitted). The front home has its own water meter, while the rear units are currently receiving water from a neighboring property. The sellers are working with the water company to install an additional meter so the rear units can operate under their own dedicated account.
Great opportunity for an investor or buyer looking for multiple income streams or a large family compound with rental potential.
Location
State TX
County Travis
Area Ln
Interior
Heating Space Heater
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Tile
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 5
Private Pool No
Building
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type See Remarks
New Construction No
Others
Restrictions City Restrictions
Acceptable Financing Cash, Conventional, FHA, VA Loan
Tax Rate 0.375845
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Nearby Locations
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