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: Gilbert Gracia Jr.
Agent Phone: (512) 825-1591
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 InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
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 gilbertg.rmcapitalcity.com today.