Unique covered land opportunity in the heart of central Austin. Ideal for builders looking for small MF development and recent zoning changes should allow three-unit residential on the property (SF-3 zoning). Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516 in NOI ($4,800 per month) and offer income while plans are being processed (6.51% cap rate). Home is being marketed as a tear down.
| MLS # | 8591338 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 31 |
| Listing Provided By | John P. Cummings Jr. | Jackson Williams |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,510 |
| Story(s) | 2 |
| Acreage | 0.26 |
| Water Front | Yes |
| Property View | City |
| Interior Features | Ceiling Fan(s), Kitchen Island, Open Floorplan, Storage, Study/Home Office |
|---|---|
| Cooling | Ceiling Fan(s), Central Air |
| Heating | Central |
| Appliances | Cooktop, Dishwasher, Disposal, Dryer, Gas Range, Oven, Electric Oven, Refrigerator, Washer, Electric Water Heater |
| Fireplaces Total | 0 |
| Window Features | Blinds |
| Flooring | Tile, Wood |
| Exterior Features | Restricted Access |
|---|---|
| Roof | Tar/Gravel |
| Foundation Details | Slab |
| Lot Features | City Lot |
| Patio And Porch Features | Front Porch |
| Fencing | Back Yard, Fenced, Gate |
| Construction Materials | Wood Siding |
| Security Features | Fire Alarm, Smoke Detector(s) |
| Parking Features | Attached, Covered, Private, Reserved |
|---|---|
| Garage Spaces | 0 |
| Utilities | Cable Available, Electricity Connected, High Speed Internet, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| List Aor | Austin Board Of Realtors |
|---|
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78756 |
| Area | 5 |
| Community Name | Broadacres |
| School District | Austin ISD |
| Elementary School | Brentwood |
| High School | Austin |
| Listing VS Median (in Broadacres) | |
Price: $699,000 low | high Med: $3,600 sqft: 2,510 low | high Med: 1,810 $ / sqft: $278 low | high Med: $2 On site: 31 low | high Med: 45 | |
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78756 |
| Area | 5 |
| Community Name | Broadacres |
| School District | Austin ISD |
| Elementary School | Brentwood |
| High School | Austin |
| Listing VS Median (in Broadacres) | |
Price: $699,000 low | high Med: $3,600 sqft: 2,510 low | high Med: 1,810 $ / sqft: $278 low | high Med: $2 On site: 31 low | high Med: 45 | |