$725,000
Prime location investment property on a very large and beautiful .281 acre lot. NOTE- 20 Acre adjacent prime infill lot at 1601 Royal Crest just sold! Get in now before redevelopment. It is an excellent long term investment property for buy and hold. The lot will allow 2 very large new construction houses (buyer to verify). In the interim, the nicely updated duplex currently on the property offers great rental income potential. Downtown views possible with new construction (buyer to verify)! The lot is over 12,000sf with almost 80 feet wide frontage. The duplex improvement is an attractive, classic duplex that has been consistently upgraded over time and is in strong interior and exterior condition for rental use, featuring recent vinyl plank flooring, updated kitchen finishes with stainless steel appliances, interior paint, and newer carpet. Previously leased as high as $2,200/month and now delivered vacant for immediate flexibility. The property features a highly functional attached 4 car carport with additional storage. Each unit is very spacious and larger than standard size at over 1300sf per unit.
Location is everything here. Situated directly across from the new Woodland Pocket Park, 1 minute from a 20 acre prime infill future redevelopment lot! Walkable to the future Lakeshore light rail stop and the burgeoning East Riverside Corridor and Ladybird Lake Hike and Bike trail! Minutes to downtown and South Congress. The property is zoned for the coveted Travis Heights Elementary School! 1618 Asian Fusion, Thai Zen, Wahoo's Fish Tacos, JABS smash burger! The value is mostly in the land with the added value of the ready to lease duplex.
7224110
MLS
⋅
78741
Zip Code
1813A Woodland Ave, Austin