Listing Courtesy of: Caitlin Sullivan - JBGoodwin REALTORS WL 512-502-7601
$1,150,000 affordable loan icon Calculate Payment

1406 Summit Street Austin, TX 78741

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Triplex Residence
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Last updated on 1/7/2025 1:28 PM

Listing Details

Prime Investment Opportunity Minutes from Downtown Austin! ALL FURNITURE CONVEYS! 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-ye...ar 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! Continue reading
MLS#
9601441
Property Type
Triplex
Year Built
1938
Stories
2.0
Sewer
Public Sewer
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Listing Courtesy of: Caitlin Sullivan - JBGoodwin REALTORS WL 512-502-7601
Andrea D. Conner, License 521381, Xome Inc., License 9002330, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


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