Excellent multi family duplex opportunity just east of the Zilker neighborhood. Perfect for an owner occupant duplex purchase of a multi family inventory interested in the long term development opportunity of the site itself. Located just East of Lamar tucked into the neighborhood. This section of Lamar is zoned for the same schools as the remainder of Zilker (Zilker, O Henry, Austin High). Compatibility unlikely to be an issue as adjacent properties are also zoned MF2. Currently under preforming rent wise and potential to increase rents. Owner occupied. Market rents are closer to $1900-$2300/mo per unit. Opportunity to potentially add a shower to convert 1st floor 1/2 bath to a full bath. See agent for details.
Existing duplex is a good covered land option for rental income during site plan and development review. Also a great option for a 1031 acquisition.
Fresh Tree and Topo survey available.
Up to 6 units allowed.
MF-2 guidelines -
Building Covers - 50%
Imp Cover - 60%
Max Height - 60%
Max Height 40 ft or 3 stories
Property Listed by: Compass RE Texas, LLC
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 10th, 2021 at 10:15pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. 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. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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