918 & 920 East 50th Street Austin, Texas 78751 United States

Great Investment Opportunity in Central Austin
918 & 920 East 50th Street Austin, Texas 78751 United States

$1,050,000
 
  • $1,050,000
    Change Currency
  • 7
    Bedrooms
  • 4
    Full Baths
  • 2,197 Sq Ft.
    Interior
  • .24 Acres
    Exterior

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Great Investment Opportunity in Central Austin

About 918 & 920 East 50th Street, Austin, Texas

Wonderful investment opportunity to own 3 rentable units in desirable Central Austin with easy access to Mueller, amazing restaurants, great shopping and the University of Texas. This listing includes two properties:  918 & 920 E 50th Street.  Together, the lots total 0.235 acres per TCAD (0.12 acres per lot).  They are both zoned SF-3 with good parking and rear alley access that isn't currently being taken advantage of.  These lots make a great investment but they are also prime for redevelopment as there is a lot of new construction in the area, with some homes selling for close to $1M.  It is possible that these lots could qualify for Small Lot Amnesty that is offered by the City and we encourage the Buyer to research this to fully understand the possibilities for these lots.

918 E 50th is a duplex and both units have two bedrooms and one bathroom with very livable floorplans.  The back unit is occupied through the end of September and has a nice, fenced backyard.  The front unit was recently vacated and is currently in the make-ready process.  It presently needs flooring, baseboards, paint, and for the kitchen and bathroom to be finished out.  The photos show the condition as it is today and the price reflects the work needed (price will be increased the more work the Owners do to the property).  The units are all under one roof and there is a carport in between them for nice separation. This carport isn't accessible for parking any longer and is being used as the outdoor space for the front unit. Perhaps this square footage could somehow be incorporated into the interior living space in the future?? Both units have their own washer & dryer hookups.  Recent boundary and tree survey is available upon request and the Owners believe that 2 of the larger trees on either side of the structure aren't considered protected by the City but we ask that the Buyer verifies this to their satisfaction.  

920 E. 50th is a single family home that features 3 bedrooms and 2 bathrooms and it is currently rented on a month-to-month basis with long-term tenants. This home was built in 2001 and has vinyl flooring and a smart floorplan that works well with roommates. It has a lovely front porch with a good-sized backyard. 

These properties are combined on the tax records for convenience but can be sold separately.  The fence that runs in between the 2 properties is located on 920 E. 50th so a Boundary Agreement will be put in place if the lots aren't sold as a package.

Marketed By

4301 Westbank Building B Suite 100
Austin, Texas 78746 United States
Sonya Cunningham
Real Estate Professional
Schedule a Showing

Property ID:9G558L

Amenities

  • Carpeted Floors
  • Fenced Yard
  • Refrigerator
  • Washer Included
  • Dryer Included
  • Tub and Shower
  • Wood Fence
  • Metal Fence

About : Austin

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