3816 Southway Dr

Description

3816 Southway Drive is ideally located in Austins South Lamar submarket within the coveted 78704 zip code. The established South Lamar submarket is one of Austins most desirable residential neighborhoods, with the property being minutes from top retail, entertainment and dining destinations on South Lamar, South First and South Congress as well as proximate to popular local destinations like Radio Coffee & Beer (0.9mi), Cosmic Coffee + Beer Garden (1.3mi) and the Barton Creek Greenbelt Trail (2.0mi). The propertys location just north of Highway 290 also provides quick and convenient access to all of Austins major transit corridors. Unique opportunity to acquire a renovated quadraplex in 78704. 3816 Southway Drive presents an additional opportunity as a majority of the buildings on the street have been converted into individual condos. All units are large two bedroom one and a half bathroom townhomes, each with its own large, private fenced yard. Downstairs includes a sizeable kitchen, living room and half-bath with two bedrooms, a laundry room and a full bath upstairs. Current ownership extensively remodeled three of the four units. Remodels include new luxury vinyl flooring throughout, new cabinetry, new appliances (including new LG washer/dryer combos), updated bathrooms and new fixtures throughout. Additional value-add opportunities include remodeling the remaining unrenovated unit, exterior building paint, enhancing the private yard areas, creating an amenity space/dog run in the propertys shared back yard area or providing covered parking.