Austin, TX 78745
Discover an exceptional opportunity where potential meets prime location, offering a versatile canvas for investors and homeowners alike. This property, zoned SF3 on a generous quarter-acre lot near the prominent intersection of William Cannon and Manchaca, presents a rare chance to capitalize on Austin's dynamic real estate market. The existing home, a well-maintained 3-bedroom, 2-bathroom residence spanning two stories and 1296 square feet, is in good condition, ensuring a smooth appraisal and financing process. Its rental income potential exceeds $2000 per month, making it an attractive asset from day one. The recent 2024 installation of 30-year dimensional roof shingles provides peace of mind and long-term durability. The expansive lot opens doors to various development possibilities, including adding income-producing rental units, subdividing into multiple single lots, or creating a condo regime, mirroring successful projects in the immediate vicinity where similar homes commanded prices between $600,000 and $700,000. While the current floor plan offers unique charm, there is ample space to enhance its functionality by adding a half-bath downstairs, potentially utilizing existing garage space or the area beneath the stairs. This property is more than a home; it's a strategic investment in a thriving Austin neighborhood, poised for significant growth and offering endless possibilities for custom development or a comfortable living experience.
| MLS ID | 7324831 | |
| Status | Active | |
| Days Active | 96 | |
| Est. Tax | 9040.92 | |
| Lot Size | 0.25 | |
| Year Built | 1972 | |
| Total Bedrooms | 3 | |
| 1st Floor Bedrooms | 1 | |
| Full Baths | 2 | |
| Half Baths | 0 | |
| Square Feet | 1312 | |
| Price Per SqFt | $331.55 | |
| Garage Spaces | 2 | |
| Fireplace(s) | 0 | |
| Fireplace Info | ||
| Flooring | Carpet, Laminate | |
| Stories | Two | |
| Pool | No | |
| Courtesy of | Texas Residential Properties (512) 656-5526 | |
| Subdivision | Manchaca Estates Amd | |
| City | Austin | |
| County | Travis | |
| HOA | ||
| HOA Fee | $ / | |
| Water Front | No | |
| Roof | CompositionComposition | |
| Construction | ||
| Foundation | Slab | |
| Fencing | Back Yard, Chain Link | |
| Elementary School | Cunningham | |
| Elementary District | Austin ISD | |
| Middle School | Covington | |
| Middle District | Austin ISD | |
| High School | Crockett | |
| High District | Austin ISD | |
| Appliances | Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Gas Range, RNGHD, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Gas Water HeaterDishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Gas Range, RNGHD, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Gas Water Heater | |
| Heating | Central | |
| Cooling | Ceiling Fan(s), Central Air | |
| Exterior Features | Private Yard | |
| Lot Features | See Remarks, Back Yard, Few Trees, Front Yard, Interior Lot, Level, Split Possible | |
| Community Features | None | |
| Patio Features | None | |
| Structures | None | |
| Interior Features | Ceiling Fan(s), Tile Counters, Pantry, Primary Bedroom on Main, Walk-In Closet(s), Washer Hookup | |
| Fencing Features | Back Yard, Chain Link | |
| Parking Features | Attached, Door-Multi | |
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