WHAT AN AMAZING OPPORTUNITY IN DOWNTOWN AUSTIN! If you are looking for an up and coming transition investment blocks from the University of Texas AND downtown, this is the property for you! This is a duplex built on a large narrow lot that has additional space for another home on it. This is NOT two lots, this is a single lot with one building on it with enough room for a 2nd small home on the side. Many downtown lots have two structures on them because of density allowances. Please check with the city regarding zoning and utilities, Seller cannot verify or guarantee city ordinances as they do change over time, but there used to be a house there, the gas meter is still in the ground! Worse case scenario you turn the duplex into a single family home, and then build another home on the open spot. Either way, it's a unique development opportunity and terrific resale, possibly a profitable flip! Seller has retired and is working at home now and needs the money from the sale for retirement, he does not have the money to develop the property. This duplex was remodeled in 2005 from tip to toe, it is practically new and extremely low maintenance unlike most of the older properties out there in this area. You are not only getting deal on the land, but you will get a low maintenance property as well - with great student tenants! Here are the specs: - 1428 sq.ft (roughly 700 sq.ft per unit, up and down duplex)
- shared water meter, bill runs roughly $60 per month, owner pays this, although you can change this to 'tenant pays' once the lease is renewed.
- Travis county appraisal values this property at $212,000. Seller has opted for a quick sale to reduce the list price to only $207,500.
- Insurance will run you about $70 per month
- We have the survey as well if you'd like to preview the land / home.
- Currently A unit (top) is leased, B unit (bottom) is actively being marketed. Normal total rents are around $1500-$1600.
- Top unit is all wood floors with ceramic tile in kitchen and bathroom
- Bottom unit is ceramic tile throughout, carpet in the bedrooms.
- 2 bedrooms, 1 bath units each.
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A returning investor is under contract for his third property in Central Texas. This time, it's a posh duplex that's located less than a mile away from Samsung's swank new processor plant. 
The Duplex Store
SOLD - Downtown Duplex REMODELED
