Listing Courtesy of: Austin Board of Realtors / Jb Goodwin Westlake / Caitlin Sullivan - Contact: (512) 502-7601
1406 Summit Street Austin, TX 78741
Active (18 Days)
$1,150,000
2,292
SQFT
Description
MLS #:
9601441
9601441
Taxes
$9,561(2021)
$9,561(2021)
Lot Size
0.26 acres
0.26 acres
Type
Multifamily
Multifamily
Year Built
1938
1938
Views
City
City
School District
Austin Isd
Austin Isd
County
Travis County
Travis County
Community
Elmhurst
Elmhurst
Listed By
Caitlin Sullivan, Jb Goodwin Westlake, Contact: (512) 502-7601
Source
Austin Board of Realtors
Last checked Dec 22 2024 at 6:32 AM CST
Austin Board of Realtors
Last checked Dec 22 2024 at 6:32 AM CST
Bathroom Details
Interior Features
- Washer
- Refrigerator
- Free-Standing Gas Range
- Dryer
- Dishwasher
- Laundry: Dryer Hookup
- Laundry: Washer Hookup
- Laundry: Laundry Room
- Laundry: Stacked
- Storage
- Separate/Formal Dining Room
- Multiple Dining Areas
- Main Level Primary
- High Speed Internet
Subdivision
- Elmhurst
Lot Information
- Trees Medium Size
- Trees Large Size
- Front Yard
- Back Yard
Property Features
- Fireplace: 0
- Foundation: Slab
- Foundation: Pillar/Post/Pier
Heating and Cooling
- Central
- Central Air
Flooring
- Tile
- Wood
Exterior Features
- Roof: Shingle
Utility Information
- Utilities: Water Source: Public, Phone Available, Natural Gas Connected, Electricity Connected
- Sewer: Public Sewer
School Information
- Elementary School: Travis Hts
- Middle School: Lively
- High School: Travis
Parking
- Off Street
Stories
- 2
Living Area
- 2,292 sqft
Additional Information: Westlake | (512) 502-7601
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by JB Goodwin Realtors and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Austin Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. 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. Data last updated 12/21/24 22:32
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. With 3 years of proven revenue of $10k/month, 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!