Seller Financing Available! Purchase price of $375,000 with 20% down and an 8% interest rate, offering a flexible financing option for investors.Located in the heart of East Austin, 1108 Vasquez St presents an excellent investment opportunity in one of Austin's fastest-growing neighborhoods. The property has been substantially remodeled and improved in recent years, providing updated living spaces while still offering value-add potential. While many upgrades have been completed, some items may still require attention or repairs, including portions of the flooring and other cosmetic improvements. Currently tenant-occupied and generating rental income of $2,300 per month, with a lease in place through 2027. The tenant may consider vacating prior to lease expiration if purchased by an owner-occupant.Situated on a functional lot, the property may offer potential for a two-unit development (buyer to independently verify), making it attractive as both a cash-flowing rental and a long-term land investment.The property also features a remodeled detached shed in the backyard, providing flexible space ideal for a home office, studio, workshop, gym, or creative workspace.Conveniently located near Downtown Austin, Austin-Bergstrom International Airport, major highways, restaurants, entertainment, and the vibrant East Austin arts and dining scene.Whether you're looking for immediate rental income, seller financing, future development potential, or a strategic land hold in a rapidly appreciating area, 1108 Vasquez St offers versatility and opportunity.Listing photos were taken prior to tenant occupancy. Some photos may have been virtually staged and digitally enhanced to illustrate the property's potential. Only 2 Friday per month available for showings.
| MLS # | 2888419 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 548 |
| Listing Provided By | JPAR Round Rock | Lina Bibian |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,280 |
| Story(s) | 1 |
| Acreage | 0.14 |
| Water Front | Yes |
| Property View | None |
| Interior Features | Ceiling Fan(s), Quartz Counters, No Interior Steps, Open Floorplan, Primary Bedroom on Main |
|---|---|
| Cooling | Ceiling Fan(s), Central Air |
| Heating | Central |
| Appliances | Dishwasher, Electric Range |
| Fireplaces Total | 0 |
| Window Features | Blinds |
| Flooring | Tile, Vinyl |
| Exterior Features | Exterior Steps |
|---|---|
| Roof | Shingle |
| Foundation Details | Pillar/Post/Pier |
| Lot Features | Back Yard, Level |
| Patio And Porch Features | Front Porch |
| Fencing | Back Yard, Chain Link, Front Yard, Full, Gate |
| Construction Materials | Vinyl Siding |
| Security Features | None |
| Parking Features | Driveway, Enclosed |
|---|---|
| Garage Spaces | 0 |
| Utilities | Electricity Available, Water Available |
|---|---|
| Sewer | Public Sewer |
| List Aor | Austin Board Of Realtors |
|---|
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78741 |
| Area | 9 |
| Community Name | Chernosky 16 |
| School District | Austin ISD |
| Elementary School | Allison |
| High School | Eastside Early College |
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78741 |
| Area | 9 |
| Community Name | Chernosky 16 |
| School District | Austin ISD |
| Elementary School | Allison |
| High School | Eastside Early College |