1406 Summit Street Austin, TX 78741

For Sale

Description

Prime Investment Opportunity Minutes from Downtown Austin! Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. Currently generating over $10,000/month with 3 successful units and a 3-year proven income history, this property is a must-see for investors or buyers looking to offset mortgage costs! Key Features: -Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants. -Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living. -ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income. -ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat. -High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income.

Property Details
- - Interior:Separate Formal Dining Room, EatInKitchen, High Speed Internet, Multiple Dining Areas, MainLevelPrimary, Storage
  - View:City
  - Lot description:Back Yard, Front Yard, Trees Large Size, Trees Medium Size
  - Exterior materials:Private Entrance, Private Yard, Rain Gutters
  - Acres:0.26
  - Square Feet:2292
  - Property type:Multi-Family
  - Year built:1938
  - Foundation:Pillar Post Pier, Slab
  - Sewer information:Public Sewer
  - Utility source:Public
  - Utility features:Electricity Connected, Natural Gas Connected, Phone Available
  - Subdivision:Elmhurst
  - School district:Austin ISD
  - Elementary School:Travis Heights
  - Middle School:Lively
  - High School:Travis
  - County:Travis
  - Original List Price:$1, 150, 000
  - Days on Market (Cumulative):7
  - Taxes annual:$9, 561
  - Pets:1
  - MLS #:9601441
  - Cost:1150000
  - Property subtype:Triplex
  - MLS #:9601441
  - Property condition:Resale

Location

Legal

Based on information submitted to the MLS GRID as of 2024-12-04 21:14:08 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Last Updated: Yesterday at 10:53 PM. Source: ACTRIS