$775,000 USD
512-415-8508
HIGHLIGHTS
- Plans convey for single-family home plus ADU as part of the sale
- Zoning could allow three units on the property
- Large, infill lot should allow up to 4,587 SF (40%)
- Secured rental income of $4,800 per month for 2,510 SF duplex
- Recent renovations could allow for longer-term hold of property
- Ideal central Austin location, walkable to restaurants, coffee shops, bars and more!
OVERVIEW
Unique covered land opportunity in the heart of central Austin. Ideal for builders looking small MF development and recent zoning changes should allow three-unit residential on the property. Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516.08 in NOI ($4,800 per month in rent) and offer income while plans are being processed.
FOR SALE DETAILS
PRICE
$775,000 USD
PRICE/ACRE
$2,980,769/AC
PRICE/SF
$68 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY NAME
Woodrow Residential Development
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Residential
LAND PROPOSED USE
Multi-Family, Single Family Development, Single Family Residence
LAND ACRES
0.26 AC
LAND SF
11,326 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
SF-3
APN/PARCEL ID
226374
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512-415-8508
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512-415-8508
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