LOT SIZE 0.306 acres
MLS#6325971
STATUSActive Under Contract
PROPERTY TYPELand
SUBDIVISIONFord Place 2
SCHOOLAustin ISD
Property Description
Income-Producing South Austin Compound with Redevelopment Potential Discover a rare opportunity in one of South Austins most vibrant and connected neighborhoods. This income-producing compound on an oversized corner lot generates up to $4,800 per month and is zoned SF-3, falling under the new City of Austin HOME Phase 2 zoning regulations for 1,800 sqft lots ? offering the potential for 7 lots (Buyer to verify). Whether youre an investor seeking strong rental income or a developer exploring future possibilities, this property delivers both versatility and value. The front 2-bedroom, 2-bath home offers comfortable living with charm and functionality, while the back building includes two 1-bedroom, 1-bath apartments. The upstairs apartment features a private deck tucked among mature trees, giving it a unique, treehouse-like vibe that tenants love. Enjoy a prime South Austin location where everything you love is just minutes away ? walk or bike to El Chilito, Randalls Grocery, and Radio Coffee & Beer, or take a quick 10-minute drive to Downtown Austin, Zilker Park, Barton Springs, and the Barton Creek Greenbelt. This is a one-of-a-kind investment with endless potential in the heart of Austins coolest corridor.
Property Features
Property Type: Land
Lot Size: 0.31 Acres
Taxes: $3,863
Amenities
See Remarks
Balcony
Private Yard
Feature Descriptions
Area #: 10N
Days on Site: 223
Fencimg: Chain Link, Privacy
Flood Plain: No
Lot: Corner Lot, Level, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft), Xeriscape
Parcel#: 000DianeDr
Restrictions: Deed Restrictions
Sewer: Public Sewer
Special View Info: See Remarks, Neighborhood, Panoramic
Utilities: Electricity Available, Natural Gas Available
Water: Public
Local Schools
High School: Crockett
Middle School: Covington
Elementary School: Joslin
School District: Austin ISD
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agency Contact: (512) 751-6060
Shown By
Agent Name: Gilbert Gracia Jr.
Agent Phone: (512) 825-1591
Agency Title: Realty Capital City
Estimate Your Payment
Estimated Payment
$ 2,713.29 per month $2,114.29 Principal & Interest $321.92 Property Tax $277.08 Homeowner's Insurance
000 Diane Dr | MLS# 6325971
This land located at 000 Diane Dr, Austin, TX 78745 is currently listed for sale with an asking price of $950,000. The property has approximately 0.31 Acres. Diane Dr is located within the Austin ISD school district. Search Austin real estate on gilbertg.rmcapitalcity.com today.