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1203 Gregory LN, Round Rock TX 78664

$ 485,000
1203 Gregory LN, Round Rock TX 78664, ,
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Active Under Contract
$ 485,000


MLS Area: RRE
County:
MLS # 9305836

1203 Gregory LN, Round Rock TX 78664, , TX 78664

About this property

Welcome to 1201/1203 Gregory Lane, a prime investment opportunity in a sought-after neighborhood. This unique listing presents a rare chance to own two adjacent, income-generating properties. Each property has been maintained and is currently occupied by tenants in both units, offering both immediate cash flow and potential for value appreciation.

Key Features:
Location: Situated in a thriving community, the properties are ideally located near business districts, shopping centers, and top-rated schools. Easy access to major transportation routes enhances tenant appeal.
Occupancy Rates: High historical occupancy rates, with a diverse tenant base and strong rental history.
Income Potential: Competitive rental income with scope for future increases.
Parking & Accessibility: Ample parking for tenants and visitors, along with convenient access to public transport options.
Community Amenities: Close proximity to parks, recreational facilities, and community centers.

Stable cash flow with upward trending rental market.
Potential for asset appreciation in a high-demand area.
Opportunity for portfolio diversification.
Low vacancy rates with a strong tenant retention history.

The properties have been managed by a professional property management team, ensuring a hassle-free investment experience. In the last two years, the following has been repaired:
1201 Gregory – chimney and roof repair, replaced AC capacitor
1203 Gregory – replaced dishwasher motor, new AC condenser capacitor, blower motor capacitor, and flood switch, chimney and roof repair, replaced kitchen faucet

This is an incredible opportunity for investors seeking a stable and lucrative addition to their portfolio. 1201/1203 Gregory Lane is more than just properties; it’s a chance to invest in a growing community with a bright future.

Basic Property Information

Dwelling Size - 2,253 ft2
From Public Records
Year Built - 1993
Stories - One
Foundation - Slab
Garage - 2
Attached,Concrete,Driveway,Garage Faces Front
Roof - Composition
Lot Size Acres - 0.213
Waterfront Features - None
Bedrooms - 0
Bathrooms - 0
Fireplaces - 2
Living Room
Pool on Property- None

School District

School District - Round Rock ISD
Elementary - Union Hill
Middle - Hopewell
Senior High - Stony Point

Home Owners Association

Amenities and Features

Other Features
Breakfast Bar
Ceiling Fan(s)
Dishwasher
Disposal
Electrical Utility Available
Free-Standing Range
Garage Attached
Has Garage
High Ceilings
No Interior Steps
None
Primary Bedroom on Main
Walk-In Closet(s)
Water Heater Gas

Utilities

Heating: Central,Natural Gas
Cooling: Ceiling Fan(s),Central Air
Electricity Available,Natural Gas Available,Sewer Available,Water Available

Sewer: Public Sewer
Water: Public

Additional Details

Faces - East
Flooring - Carpet,Laminate,Tile
View - None
Lot Features - Front Yard,Trees-Medium (20 Ft - 40 Ft)
Sellers Representative - Real
(512) 960-3253
Other Structures - Garage(s)
Accessibility Features - None
Community Features - None

Walk Score

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Based on information from the Austin Board of REALTORS®  for the period 05/03/2024 through 05/03/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.

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