Duplex Under Contract in 78704
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Three Things We Love About This Property
Reason One: A Rare Find
Duplexes are inherently great investment properties. But this property ups the ante with some additional features not seen in this area. Spacious covered garages provide extra storage and protection for your car. Large backyards provide the perfect entertaining space.
Additionally, a shed turned efficiency unit provides another rental opportunity for the owner. The current occupant of the efficiency unit pays $600/month, their contract is up July 2018 with the current owner of the property.
The final piece that makes this property so unique is the large lot size. A filled in swimming pool adjacent to the property has potential to be developed into another duplex. The return on investment here could be HUGE!
Reason Two: Location
Located off of South Lamar this duplex is 3.5 miles from downtown, with plenty of hot spots in between. Walkability and access to bike lanes is plentiful. This is one of the best areas in Austin to buy a duplex.
Reason Three: Potential
The adjacent lot is a bonus to the buyer. The additional land does not factor into the cost of the property but the potential to develop it into a duplex makes this property a great investment!