For sale
$750,500
1614 Holly St
Austin, TX 78702
- 2 beds
- 2 baths
- 898 sq ft
- 0.14 acres
Listing courtesy of Beycome Brokerage Realty LLC · (804) 656-5007 · MLS# 7429541 · Status: Active
About this home
Fully Renovated East Austin Property | Income Today + Development Upside Rare opportunity to own a fully renovated 2-bedroom, 2-bath home in one of Austin's most desirable and rapidly evolving areas. The property provides an attractive combination of immediate income, future development potential, and long-term land play. The home is currently occupied by a month-to-month tenant who is willing to sign a long-term lease, giving the next owner flexibility to either maintain the current arrangement or lock in longer-term rental income, making this a terrific covered land play opportunity. The real value is in the land and optionality. Based on current development plans, there is potential to add two additional units in the rear of the property, creating an opportunity to increase density and rental income while retaining the existing renovated home. For an investor, this is a compelling land-covered investment: collect income from a fully improved property today while maintaining multiple paths for future value creation. Keep the existing tenant on a long-term lease, pursue the addition of two additional units, or simply hold the property for potential long-term land appreciation. Highlights include: fully renovated home, 2 bedrooms and 2 bathrooms, existing month-to-month tenant willing to sign a long-term lease, immediate rental income, potential for two additional units, and significant long-term redevelopment optionality. A unique opportunity to acquire a cash-flowing property with embedded development potential in Austin. Buyer to independently verify zoning, development potential, permitting requirements, and ability to construct additional units.
Description provided by the listing brokerage.
Facts
- Property type
- Residential · Single Family Residence
- Year built
- 1946
- Lot size
- 0.14 acres
- Living area
- 898 sq ft
- Price per sq ft
- $836
- Bathrooms
- 2 full, 0 half
- Annual taxes
- $11,036
- County
- Travis
- Neighborhood
- Riverside
- School district
- Austin ISD
- Schools
- Zavala · Martin · Eastside Early College
Features
- Roof
- Composition, Shingle
- View
- City, Garden
- Sewer
- Public Sewer
- Levels
- One
- Cooling
- Central Air
- Fencing
- Back Yard
- Heating
- Central
- Flooring
- Laminate
- Utilities
- Above Ground
- Appliances
- Built-In Gas Range, Built-In Range
- Lot
- Alley, City Lot, Level, Public Maintained Road
- Water
- Public
- Pool
- None
- Horse amenities
- None
- Windows
- Shutters
- Parking
- Additional Parking
- Exterior
- Private Entrance, Private Yard
- Interior
- Two Primary Baths, Two Primary Suties, Primary Bedroom on Main
- Community
- None
- Foundation
- Slab
- Waterfront
- None
- Energy efficiency
- None
- Accessibility
- Accessible Approach with Ramp
- Construction
- Frame, Wood Siding
- Patio & porch
- Porch
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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