$950,000
1406 Summit Street, Austin, TX
2,292
Square feet
0.26
Acres
Prime Investment Opportunity Minutes from Downtown Austin! Main house leased for 1 year starting July 1st. Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 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. With 3 years of proven revenue, this is an opportunity you can’t pass up! -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Feasibility study has been completed and can be shared with interested buyers. Whether you're looking for a high-performing rental property or a site for future multi-family development, this location offers both immediate returns and long-term potential. Don’t miss this rare opportunity – schedule a tour today!
Facts & Features
ListingFeed | abor |
---|---|
MLS® # | 3354867 |
Price | $950,000 |
Bathrooms | 0.00 |
Square Footage | 2,292 |
Acres | 0.26 |
Year Built | 1938 |
Type | Residential Income |
Sub-Type | Triplex |
Status | Active |
Community Information
Address | 1406 Summit Street |
---|---|
Subdivision | Elmhurst |
City | Austin |
County | Travis |
State | TX |
Zip Code | 78741 |
Amenities
Utilities | Electricity Connected, Natural Gas Connected, Phone Available |
---|---|
Features | None |
Parking | Off Street |
View | City |
Is Waterfront | No |
Waterfront | None |
Has Pool | No |
Interior
Interior | Tile, Wood |
---|---|
Appliances | Dryer, Dishwasher, Free-Standing Gas Range, Refrigerator, Washer |
Heating | Central, Varies by Unit |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Exterior Features | Private Entrance, Private Yard, Rain Gutters |
---|---|
Lot Description | Back Yard, Front Yard, Trees Large Size, Trees Medium Size |
Roof | Shingle |
Construction | Masonry, Wood Siding |
Foundation | Pillar/Post/Pier, Slab |
School Information
District | Austin ISD |
---|---|
Elementary | Travis Hts |
Middle | Lively |
High | Travis |
Additional Information
Foreclosure | No |
---|---|
Short Sale | No |
RE / Bank Owned | No |
Contact Details | (512) 502-7601 |