Exceptional redevelopment opportunity in the heart of downtown Austin. With HOME Phase 1 and 2 already passed, this property is primed for development or expansion. The single parcel currently features two income-producing dwellings: a front house of approximately 1,617 sq ft and a detached 300 sq ft efficiency unit, both currently rented.The property offers a fully fenced perimeter for privacy and security, with gated access at both the front and rear, allowing for secure on-site parking and flexible access.The owner has commissioned architectural plans for a full redevelopment consisting of two townhomes with garages plus one single-family residence, allowing for a total of three new units. The lot may be fully scraped and rebuilt, or alternatively, the existing front home can be expanded vertically or reconfigured to maximize value.Ideally located just minutes from Rainey Street, downtown dining, nightlife, and Austins most popular hotspots. Tree Survey and Zonability Report available.A rare opportunity to capitalize on location, density, and long term upside in one of Austins most desirable urban cores.
Listed By
Agency Name: City View Realty
Agency Contact: (512) 917-3679
Shown By
Agent Name: Joel Peal
Agent Phone: (512) 590-9126
Agency Title: Realty Capital City
Estimated Payment
$ 3,613.36 per month $2,058.65 Principal & Interest $1,284.92 Property Tax $269.79 Homeowner's Insurance
1105 E 3rd St | MLS# 7444062
This single family home located at 1105 E 3rd St, Austin, TX 78702 is currently listed for sale with an asking price of $925,000. This property was built in 1952 and has 5 bedrooms and 3 full baths with 1617 sq. ft. E 3rd St is located in the Shelley N G subdivision within the Austin ISD school district. Search Shelley N G real estate on www.pealestate.com today.