$1,050,000
11% price cutWas $1,180,000 · $130,000 below the original list price
Shelton Willie I
Sold as one property: 401 & 401 1/2 W Live Oak St. Main house plus a rear building with an upper and a lower unit. Rare 3-unit income-producing and redevelopment opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property generates approximately $6,600/month ($79,200 annually) in current gross rental income per seller, across three separate units - an exceptional opportunity for an investor, owner-occupant, or builder. UNIT MIX: Main House: +/-1,104 SF, 2BR/2BA, renovated 2021 Unit A (Rear Building, Upper): +/-660 SF, 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC - leased to long-term tenants in place approximately 10 years Unit B (Rear Building, Lower): +/-660 SF including storage area, 1BR/1BA, furnished, washer/dryer - currently operated as a short-term rental (STR) Each rear unit has its own private entrance and access to the gated yard. All three units are currently occupied (main house use subject to current lease); rent roll and lease details available upon request. Owner pays utilities. Parking for up to 7 vehicles. Buyer to verify STR eligibility with the city. SF per Travis CAD; approximate, buyer to verify. Income from day one, with clear value-add upside: Unit A's interior has not been updated, presenting an opportunity to renovate and potentially increase rental income, and the storage area may be converted to expand Unit B's living space, subject to buyer verification of permitting. 2021 Main House updates: remodeled bathroom, refinished original hardwood floors, new refrigerator, foam insulation and updated windows. Investment paths: hold as an income-producing asset, renovate Unit A and expand Unit B to increase rents, or pursue redevelopment. The corner lot may support redevelopment into up to three separate residences, subject to buyer verification of zoning.
Listing provided by Alexa Kanelos · Compass RE Texas, LLC · (512) 751-3022
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Was $1,180,000 · $130,000 below the original list price
Shelton Willie I
Sold as one property: 401 & 401 1/2 W Live Oak St. Main house plus a rear building with an upper and a lower unit. Rare 3-unit income-producing and redevelopment opportunity in the desirable Bouldin area of 78704, minutes from Downtown Austin! Situated on an approximately 8,612 SF (.198-acre) corner lot in prime Central Austin, this property generates approximately $6,600/month ($79,200 annually) in current gross rental income per seller, across three separate units - an exceptional opportunity for an investor, owner-occupant, or builder. UNIT MIX: Main House: +/-1,104 SF, 2BR/2BA, renovated 2021 Unit A (Rear Building, Upper): +/-660 SF, 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC - leased to long-term tenants in place approximately 10 years Unit B (Rear Building, Lower): +/-660 SF including storage area, 1BR/1BA, furnished, washer/dryer - currently operated as a short-term rental (STR) Each rear unit has its own private entrance and access to the gated yard. All three units are currently occupied (main house use subject to current lease); rent roll and lease details available upon request. Owner pays utilities. Parking for up to 7 vehicles. Buyer to verify STR eligibility with the city. SF per Travis CAD; approximate, buyer to verify. Income from day one, with clear value-add upside: Unit A's interior has not been updated, presenting an opportunity to renovate and potentially increase rental income, and the storage area may be converted to expand Unit B's living space, subject to buyer verification of permitting. 2021 Main House updates: remodeled bathroom, refinished original hardwood floors, new refrigerator, foam insulation and updated windows. Investment paths: hold as an income-producing asset, renovate Unit A and expand Unit B to increase rents, or pursue redevelopment. The corner lot may support redevelopment into up to three separate residences, subject to buyer verification of zoning.
Listing provided by Alexa Kanelos · Compass RE Texas, LLC · (512) 751-3022
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
