$325,000

About this home

INVESTOR SPECIAL WITH EXCEPTIONAL UPSIDE IN SOUTHEAST AUSTIN! Situated on a 6,713-sq-ft lot, this 1940s bungalow offers approximately 650 sq ft of extensively renovated living space and exciting potential to create multiple income streams. Taken down to the studs, improvements include new electrical, plumbing, and water lines, a tankless water heater, insulation, drywall, an updated bathroom and flooring, new exterior siding, windows, and doors. Original hardwood floors preserve a touch of vintage charm. The real opportunity extends beyond the existing home! Explore the potential for a condo regime and a larger second residence at the rear of the property, creating a compelling live-in-one/rent-the-other strategy or the opportunity to generate rental income from two separate homes, subject to City approvals. Location is a major differentiator, with convenient access to Austin-Bergstrom International Airport, Downtown Austin, East Austin, and Lady Bird Lake’s hike-and-bike trail. Most notably, the property sits adjacent to the planned Dog’s Head development, an ambitious 2,614-acre mixed-use district envisioned to bring housing, employment, retail, public open space, and miles of trails along the Colorado River. As this transformative project moves forward, investors have an opportunity to position themselves near a major planned growth area while exploring the potential to add a second residence and build long-term rental income. Whether you envision a dual-rental investment, an owner-occupied property with supplemental income, or a future development play, this is a unique opportunity to unlock value in an evolving corner of Austin. Buyer to independently verify zoning, condo regime eligibility, development feasibility, utilities, and all required City approvals.

Description provided by the listing brokerage.

Facts

Property type

Residential · Single Family Residence

Year built

1940

Lot size

0.15 acres

Living area

646 sq ft

Price per sq ft

$503

Bathrooms

1 full, 0 half

Annual taxes

$6,015

County

Travis

Neighborhood

DELVALLE S

School district

Del Valle ISD

Schools

Smith · Del Valle · Del Valle

Features

Roof

Shingle

View

Neighborhood, Trees/Woods

Sewer

Public Sewer

Levels

One

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Fencing

Back Yard, Chain Link

Heating

Electric

Flooring

Carpet, Wood

Utilities

Electricity Connected, Sewer Available, Water Connected

Appliances

Dishwasher, Free-Standing Electric Oven, RNGHD, Stainless Steel Appliance(s)

Lot

Back Yard, Front Yard, Level, Trees-Moderate

Water

Public

Pool

None

Horse amenities

None

Windows

None

Parking

Off Street

Exterior

Exterior Steps

Interior

Ceiling Fan(s), Stone Counters

Community

Curbs

Foundation

Pillar/Post/Pier

Waterfront

None

Energy efficiency

None

Accessibility

None

Construction

Vertical Siding

Patio & porch

None

Location