Prime Investment Opportunity Minutes from Downtown Austin! Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 3 successful units and a proven income history, this property is a must-see for investors or buyers looking to offset mortgage costs!Key Features:-Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants.-Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living.-ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income.-ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat.-High Income Potential: All three units are currently rentals, providing a steady stream of income. With 3 years of proven revenue, this is an opportunity you cant pass up!-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units?offering long-term growth potential. Feasibility study has been completed and can be shared with interested buyers.Whether you're looking for a high-performing rental property or a site for future multi-family development, this location offers both immediate returns and long-term potential. Dont miss this rare opportunity ? schedule a tour today!
Listed By
Agency Name: JBGoodwin REALTORS WL
Agency Contact: (512) 502-7601
Shown By
Agent Name: Jeff Osborne
Agent Phone: (512) 744-4600
Agency Title: Realty Capital City
Estimated Payment
$ 3,059.74 per month $2,000.78 Principal & Interest $796.75 Property Tax $262.21 Homeowner's Insurance
1406 Summit Street | MLS# 6389057
This multi-family property located at 1406 Summit Street, Austin, TX 78741 is currently listed for sale with an asking price of $899,000. Summit Street is located within the Austin ISD school district. Search Austin real estate on jeffosborne.rmcapitalcity.com today.