2 Beds
2 Baths
898 SqFt
2 Beds
2 Baths
898 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 898 sqft
Price per Sqft $778
Subdivision Riverside
MLS Listing ID 7429541
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1946
Annual Tax Amount $11,036
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Single Family Residence
Source actris
Property Description
Rare opportunity to own a fully renovated 2-bedroom, 2-bath home in one of Austin's most desirable and rapidly evolving areas. The property provides an attractive combination of immediate income, future development potential, and long-term land play.
The home is currently occupied by a month-to-month tenant who is willing to sign a long-term lease, giving the next owner flexibility to either maintain the current arrangement or lock in longer-term rental income, making this a terrific covered land play opportunity.
The real value is in the land and optionality. Based on current development plans, there is potential to add two additional units in the rear of the property, creating an opportunity to increase density and rental income while retaining the existing renovated home.
For an investor, this is a compelling land-covered investment: collect income from a fully improved property today while maintaining multiple paths for future value creation. Keep the existing tenant on a long-term lease, pursue the addition of two additional units, or simply hold the property for potential long-term land appreciation.
Highlights include: fully renovated home, 2 bedrooms and 2 bathrooms, existing month-to-month tenant willing to sign a long-term lease, immediate rental income, potential for two additional units, and significant long-term redevelopment optionality.
A unique opportunity to acquire a cash-flowing property with embedded development potential in Austin.
Buyer to independently verify zoning, development potential, permitting requirements, and ability to construct additional units.
Location
State TX
County Travis
Rooms
Main Level Bedrooms 2
Interior
Interior Features Two Primary Baths, Two Primary Suties, Primary Bedroom on Main
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Built-In Gas Range, Built-In Range
Exterior
Exterior Feature Private Entrance, Private Yard
Fence Back Yard
Pool None
Community Features None
Utilities Available Above Ground
Waterfront Description None
View City, Garden
Roof Type Composition,Shingle
Porch Porch
Total Parking Spaces 2
Private Pool No
Building
Lot Description Alley, City Lot, Level, Public Maintained Road
Faces East
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame,Wood Siding
New Construction No
Schools
Elementary Schools Zavala
Middle Schools Martin
High Schools Eastside Early College
School District Austin Isd
Others
Special Listing Condition Standard
Nearby Locations
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