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1305 Lorraine St

Austin, TX 78703
  • $3,345,000
  • STATUS: Active
  • ID#: 6505128
Price Reduced
$3,345,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,246
    SQFT
  • $536
    $/SQFT
Neighborhood:
Enfield A
Type:
Multi-Family
Built:
1918
County:
Travis
Area:
Austin

School Information

Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin
School District:
Austin ISD
School Ratings & Info
Property listed by Tony Lazarov of Resavvy Llc: (512) 762-8669.

Description

Large 0.5ac in Clarksville. Alley access. MF3 zoned. 6246 sqft rentable space, currently getting ~16k+/month in rents. All units are leased until Aug 2024. The Main House is getting $8,500 per mo but would fetch $10,500 to $11,500/mo on Summer to Summer rotation. Multiple options for breaking up the lot with multiple uses. Sale prices for newly remodeled or new construction in Clarksville range from 1000 - >1200 per sq ft. Amazing location and huge rental demand. Buyers could also remodel the house and the back units and resale them as condos.

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© 2023 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-06-03T00:02:32.273.

MLS Grid logoBased on information submitted to the MLS GRID as of 2023-06-03T00:02:32.273 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
www.efirsttexas.com/homes/138603736
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1305 Lorraine St Austin, TX 78703

  • Price: $3,345,000
  • Status: Active
  • On Site: Days
  • ID#: 6505128
0
Beds
0
Baths
0
½ Baths
0.46
Acres
6,246
SQFT
$536
$/SQFT
1918
Built
Neighborhood:
Enfield A
County:
Travis
Area:
Austin
Elementary School:
Mathews
Middle School:
O Henry
High School:
Austin
School District:
Austin ISD
Property Description
Large 0.5ac in Clarksville. Alley access. MF3 zoned. 6246 sqft rentable space, currently getting ~16k+/month in rents. All units are leased until Aug 2024. The Main House is getting $8,500 per mo but would fetch $10,500 to $11,500/mo on Summer to Summer rotation. Multiple options for breaking up the lot with multiple uses. Sale prices for newly remodeled or new construction in Clarksville range from 1000 - >1200 per sq ft. Amazing location and huge rental demand. Buyers could also remodel the house and the back units and resale them as condos.
Exterior Features

Attached Garage YN Yes Construction Materials FrameStone Veneer Covered Spaces 3 Direction Faces Nw Exterior Features Exterior StepsPrivate Yard Fencing FencedPartial Foundation Details Pillar/Post/Pier Garage YN Yes Levels Two Lot Features Back YardFront YardGentle SlopingInterior LotTrees-Medium (20 Ft - 40 Ft)Trees-Moderate Lot Size Dimensions 90 X 223 Other Structures OutbuildingSecond Residence Parking Features Alley AccessAttachedCarportCoveredGarageOff Street Patio And Porch Features DeckPatioPorch Roof Composition View None Waterfront Features None Waterfront YN No

Interior Features

Appliances DishwasherDisposalGas RangeOvenRangeRnghdWater Heater-Gas Cooling Central Air Fireplace Features None Fireplaces Total 1 Flooring ConcreteTileWood Heating Central Interior Features Ceiling Fan(S)High CeilingsVaulted Ceiling(S)Gas Dryer HookupEat-In KitchenInterior StepsMultiple Living AreasPantrySoaking TubStorageWalk-In Closet(S)Washer Hookup Laundry Location Common AreaMultiple Locations Unit Room Type Primary BedroomPrimary BathroomKitchenLiving Room Window Features ScreensWood Frames

Property Features

Accessibility Features None Association YN No Community Features Storage Estimated Taxes 42000 Fema Flood Plain No Horse YN No Listing Terms CashConventional1031 Exchange New Construction YN No Pets Allowed Cats OkDogs OkBreed Restrictions Pool Features None Property Condition Resale Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public



© 2023 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-06-03T00:02:32.273.

MLS Grid logoBased on information submitted to the MLS GRID as of 2023-06-03T00:02:32.273 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
 
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First Texas Brokerage Company
80 South Main Street
Salado TX, 76571
Property listed by Tony Lazarov of Resavvy Llc: (512) 762-8669.