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1406 Summit Street, Austin, TX 78741

$899,000
  • 1406 Summit Street, Austin, TX 78741 Main Photo

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Active
BEDS0 BATHS SQUARE FEET2,292 MLS#6389057
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONElmhurst SCHOOLAustin ISD

Property Description

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!

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Varies by Unit
Heating: Central, Varies by Unit
Lot Size: 0.26 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $9,561
Year Built: 1938

Amenities

Eat-in Kitchen
High Speed Internet
Multiple Dining Areas
Primary Bedroom on Main
Stackable W/D Connections
Gutters Full
Private Entrance
Private Yard

Feature Descriptions

Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator, Washer/Dryer
Area #: 9
Days on Site: 79
Exterior: Masonry ??? Partial, Wood Siding
Fencimg: Back Yard, Wood, Wrought Iron
Flood Plain: No
Flooring: Tile, Wood
Lot: Back Yard, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)
Other Equipment: Stackable W/D Connections, Varies by Unit
Parcel#: 1406 Summit St
Parking: Off Street
Parking Notes: Off Street
Patio/Porch: Covered, Rear Porch
Pets Allowed: Negotiable
Security: Prewired
Sewer: Public Sewer
Special View Info: Downtown
Utilities: Electricity Connected, Natural Gas Connected, Phone Available
Water: Public

Local Schools

High School: Travis
Middle School: Lively
Elementary School: Travis Hts
School District: Austin ISD

Listed By / Shown By

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

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Estimated Payment

$ 3,059.74 per month $2,000.78 Principal & Interest $796.75 Property Tax $262.21 Homeowner's Insurance

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