1505 & 1509 Oreilly Ct, Austin


0 Beds
0 Baths
7,519 Sqft
2.54 Acres
5 Garages

A 9 unit property across 2 lots over 2.6 acres consisting of a 4-plex, duplex, commercial shop, a tiny house, and a yurt within 1200 feet of highway 620.. The tiny house and yurt are successful short term rentals that generated $88k last year. They both back up to a wet weather creek and a heavily wooded area that makes for a true oasis with hot tubs on elevated decks and a barrel sauna. The 4-plex is two stories and has two 2/1s on the first floor and two 1/1s upstairs. Unit D was just updated with fresh paint, new stove, vent hood, light fixtures, new luxury vinyl in the kitchen and bathroom, carpet professionally cleaned and stretched, and a new toilet. This unit rents for $1300 a month and the other three rent for $1200. The duplex units are both 2/1s. Unit B has just been completely remodeled. All new paint inside and outside, all new floors, new cabinets, countertops, appliances, shower, vanities, toilet, interior doors, plugs and switches, and light fixtures. This unit can either be rented long term for $1995 a month or more, or would make a great addition to the short term rentals as it backs to the wooded area and could easily generate $3-$4k a month as an STR. The commercial shop is 2112 sq ft and has a full kitchen, full bathroom and a loft room. It has two large garage doors. It's currently rented out for $2200 a month. There are two septics on the property and one water well serving the property with several water storage tanks. This property has lots of different possibilities and also does have access to Water district 17 water. Being right outside of Lakeway and in the ETJ of Austin and having no HOA or restrictions with surrounding commercial businesses gives you so many options for this property. One of the owners is a licensed Real Estate Broker in the the state of Texas.

2022 Financials
Gross revenue $180k (Two vacancy remodels during 2022) 2023 Projected Gross $205k
NOI $110k
5% cap rate

Essential Information
MLS® #5572038
Square Footage7,519
Year Built1965
TypeResidential Income
Community Information
Address1505 & 1509 Oreilly Ct
SubdivisionCardinal Hills
Zip Code78734
Garage Spaces5

Cable Available, Electricity Connected, High Speed Internet Available, Propane, Phone Available, Sewer Connected, Underground Utilities, Water Connected


Laundry Facilities, See Remarks

InteriorCarpet, Vinyl, Wood
CoolingCentral Air
# of Stories2

Dryer, Electric Oven, Free-Standing Electric Range, Free-Standing Gas Range, Gas Water Heater, Refrigerator, Washer


Ceiling, Central, Electric, Propane

Exterior FeaturesBalcony
Lot DescriptionPrivate, Many Trees, Views
RoofComposition, Metal
ConstructionFrame, Stone, Wood Siding
FoundationPillar/Post/Pier, Slab
School Information
DistrictLake Travis ISD
ElementaryLake Travis
MiddleHudson Bend
HighLake Travis
Listing Details
Listing Courtesy of Wilder Realty LLC

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Listing information last updated on April 2nd, 2023 at 4:31am CDT.