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401 W Live Oak St, Austin, TX 78704

$1,180,000
: 5
BD
: 4
BA
: 2,533
SqFt

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List Price: $1,180,000
Status: ACTIVE
Days on Market: 38
MLS#: 3738812
Subtype: Residential
Year Built: 1954
Bedrooms: 5
Bathrooms: 4
Full Baths: 4
Living Area: 2,533
Lot Size: 8,611
Acres: 0.20
Subdivision: Shelton Willie I
Neighborhood: Shelton Willie I
MLS Area Major: Austin - South

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Property Description

Rare opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property offers three separate living spaces on one lot: a 2BR/2BA main house (approx. 1,104 SF) plus two private guest apartments behind it - ideal for an owner-occupant, multigenerational living, or an investor seeking rental income. The main house was renovated in 2021 with a remodeled bathroom, refinished original hardwood floors, fresh paint, a new refrigerator, and foam insulation in the walls and under the house. Windows have been updated throughout. The rear building has two independent units, each with its own private entrance and access to the gated yard: Upper (approx. 660 SF): 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC. Leased to long-term tenants for approximately 10 years. Interior not yet updated - room to renovate. Lower (approx. 660 SF including storage area): 1BR/1BA, furnished, washer/dryer. Currently a short-term rental. The storage area may be converted to expand living space, subject to buyer verification of permitting. Current gross rental income is approximately $6,600/month ($79,200 annually) per seller. All three units are currently tenant-occupied; rent roll and lease details available upon request. A buyer's use of the main house is subject to current lease terms. Parking for up to 7 vehicles. Any STR use is subject to buyer verification of applicable city regulations and permitting. Owner pays utilities. Square footages per Travis CAD; approximate, buyer to verify. A flexible, income-supported property in one of Austin's most sought-after neighborhoods. Close to South Congress, South Lamar, and Lady Bird Lake, with restaurants, shopping, and entertainment nearby. The 8,612 SF corner lot may also offer redevelopment potential, subject to buyer verification of zoning and permitting.

(512) 596-9111

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Additional Information

Amenities: Two Primary Baths, Breakfast Bar, Stone Counters, High Speed Internet, Kitchen Island
Interior Features: Two Primary Baths, Breakfast Bar, Stone Counters, High Speed Internet, Kitchen Island
Taxes: $14,686
Appliances: Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator, Washer/Dryer, Water Heater
Heating: Central
Air Conditioning: Central Air
Exterior Construction: HardiPlank Type, Stone
Stories: 1
Levels: One
Roof: Membrane, Shingle
School District: Austin ISD
Elementary School: Travis Hts
Middle School: Lively
High School: Travis
View: No View