Description
Attention developers and multifamily investors!- An incredible opportunity is waiting for you to purchase a covered land play located in the heart of Austin, Texas. Situated near the University of Texas, DT Austin, and Mueller Development, just south of Hyde Park, this tri-plex is perfectly located for an exciting new development project. Currently, two of the three units are leased on a month-to-month basis, providing a steady stream of income while you go through the design and permitting process for new construction. You have the option to lease all three units on a month-to-month basis, maximizing your return on investment. With the option to renovate the existing structure and build a new structure on the front portion of the lot for a partial redevelopment or to completely tear down and redevelop this large, flat centrally located lot, the possibilities for this property are endless. Don't miss out on the chance to invest in a prime location in Austin, Texas.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
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1,550SQFT
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$510$/SQFT
School Information
Description
Attention developers and multifamily investors!- An incredible opportunity is waiting for you to purchase a covered land play located in the heart of Austin, Texas. Situated near the University of Texas, DT Austin, and Mueller Development, just south of Hyde Park, this tri-plex is perfectly located for an exciting new development project. Currently, two of the three units are leased on a month-to-month basis, providing a steady stream of income while you go through the design and permitting process for new construction. You have the option to lease all three units on a month-to-month basis, maximizing your return on investment. With the option to renovate the existing structure and build a new structure on the front portion of the lot for a partial redevelopment or to completely tear down and redevelop this large, flat centrally located lot, the possibilities for this property are endless. Don't miss out on the chance to invest in a prime location in Austin, Texas.
© 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: 2023-06-04T00:01:56.277.
Based on information submitted to the MLS GRID as of 2023-06-04T00:01:56.277 (date and time MLS GRID Data was obtained).
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