931 55th Austin TX 78751

$575,000

Property Description

Loads of development potential on this flat/unencumbered 60' x200' /12,057sf lot with income generation/great tenant at $1500/month through 3/2023. Maximum development potential is 4,823sf of floor area. Feasibility study, elevation and tree survey provided. No heritage trees to stand in your way of maximizing development. Zoned SF-3-NP permitting main house with ADU or a duplex/condo regime. Within a 1/4 mile of a transit stop so no third onsite parking space required for ADU. Surrounded by new construction on quiet hidden gem of a street in a fantastic pocket of Central Austin 5 minutes to Downtown/UT/Capitol. Value in the land, but cute/low maintenance rental property while architectural plans are drawn. Buyer advised to perform all due diligence. Do not disturb tenant. Dog on site. Interior showings by appointment only after 6p and by appointment on the weekends. Owner/agent

Property Details

  • Price: $575,000
  • MLS #: 5537729
  • County: Travis
  • City: Austin
  • State: TX
  • Zip: 78751
  • Status: Active
  • Type: Land

Property Map / Directions

From Airport Blvd, head east on E. 53 1/2 Street. North on Bennett Ave., East on E. 55th Street. House on right.

More Properties