Description
HUGE OPPORTUNITY! Value is in the land and current in-place zoning. Keep generating rental income while planning your redevelopment project. Must see this huge investment opportunity with current generated rental income around $5,200 a month, with a potential income growth to $5,500-$6,000 with some remodel work and or convert existing two-bedroom/one-bath units to three-bedroom/two-bath units using the existing extra land on the back of the Fourplex. With the current zoning in place LR-MU-NP, think of the tremendous redevelopment opportunities and value of owning your own SOCO lofts with mixed use retail shops on the ground floor with stack condos above! Also perfect location for gated commercial building with endless possibilities! Also selling the Fourplex next door(4900/4902). Zoned LR-MU-NP. Future land uses picture professional or medical office, food sales, convenience store, general retail sales, manicure pedicure shop, pet services, restaurant (Limited) etc. The total land for both lots is approximately .6957 total acres. Roof replaced under warranty. All information provided is deemed reliable but is not guaranteed and should be independently verified
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0BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
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3,120SQFT
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$353$/SQFT
School Information
Description
HUGE OPPORTUNITY! Value is in the land and current in-place zoning. Keep generating rental income while planning your redevelopment project. Must see this huge investment opportunity with current generated rental income around $5,200 a month, with a potential income growth to $5,500-$6,000 with some remodel work and or convert existing two-bedroom/one-bath units to three-bedroom/two-bath units using the existing extra land on the back of the Fourplex. With the current zoning in place LR-MU-NP, think of the tremendous redevelopment opportunities and value of owning your own SOCO lofts with mixed use retail shops on the ground floor with stack condos above! Also perfect location for gated commercial building with endless possibilities! Also selling the Fourplex next door(4900/4902). Zoned LR-MU-NP. Future land uses picture professional or medical office, food sales, convenience store, general retail sales, manicure pedicure shop, pet services, restaurant (Limited) etc. The total land for both lots is approximately .6957 total acres. Roof replaced under warranty. All information provided is deemed reliable but is not guaranteed and should be independently verified
© 2023 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.The information 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. Data last updated: 2023-03-30T11:01:33.673.
Based on information submitted to the MLS GRID as of 2023-03-30T11:01:33.673 (date and time MLS GRID Data was obtained).
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