Listing Courtesy of: David Mosrie - Texas Ally Real Estate Group 512-763-2559
$1,800,000 affordable loan icon Calculate Payment

700 & 604 Corral Ln Austin, TX 78745

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Land Residence
Beds
Baths
Sq. Ft.
2.01 Acre Lot

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Last updated on 11/13/2024 1:01 PM
2.01+/- acre assemblage of two 1 ac city lots, ideal site for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indica...tes all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. Two existing homes - one has classic MCM style, the other an older cottage - one or both could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Everyone is pitching HOME / HOME 2 on every lot in Austin, but this is exactly what this code was intended to do. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information. Continue reading
MLS#
5065495
Property Type
Land
Lot Size
2.01
Sewer
Public Sewer

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Listing Courtesy of: David Mosrie - Texas Ally Real Estate Group 512-763-2559
This content last refreshed on 11/13/2024 1:01 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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