1190 E M Franklin Avenue
Austin, TX 78721
720 sqft | 1 bed | 1.5 baths | 0.71 acres | #3643906
Description
Per new city land guide lines. Welcome to an exceptional investment opportunity that beckons seasoned developers and savvy investors alike. Presenting three subdivided and meticulously planned lots, each primed to accommodate three units, creating a grand total of 9 lucrative doors for sale. With approved subdivision and neighborhood plans in place, your vision for a prosperous development is well within reach.
Key Features:
Prime Location: Nestled within the burgeoning east side, this property is surrounded by a thriving community of new developments, ensuring a dynamic and vibrant environment for prospective homeowners.
Subdivide and Conquer: The hard work has been done for you! Approved subdivision allows for the creation of three distinct lots, providing flexibility in your development strategy and maximizing your return on investment.
Lucrative Investment: As the demand for modern living spaces continues to rise, this development promises an opportunity for substantial financial gains.
Thriving Community: The east side has become an attractive destination for young professionals and families seeking a perfect blend of urban convenience and suburban tranquility
Favorable Future: With the surrounding area experiencing impressive growth and appreciation, the value of this investment is bound to escalate over time.
Don't miss your chance to be at the forefront of this remarkable venture. Whether you're an experienced developer looking to expand your portfolio or an astute investor seeking a secure venture, this property has all the components for an exceptional success story. Take action now and turn this blank canvas into a masterpiece of modern living!
Interior Details
- InteriorMainLevelPrimary
Beds & Baths
- Bathrooms1.5
- Bedrooms1
- Full Baths1
- Half Baths1
Property Details
- Lot DescriptionCul De Sac, Interior Lot, Moderate Trees, Subdivided, Trees Small Size
Measurements
- Acres0.714
- Square Feet720
Parking
- Parking Spaces1
Construction Details
- Property TypePurchase
Condition
- Year Built1954
Utilities / Energy Details
- Utility FeaturesElectricity Available, Natural Gas Available, Sewer Connected, Water Available
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionEbony Acres
Location
- High SchoolNortheast Early College
- Elementary SchoolNorman-Sims
- School DistrictAustin ISD
- Middle SchoolMartin
- CountyTravis
Financial Details
- Original List Price$1,599,000
- Taxes Annual$7,795
- Buying Agency Compensation3.000
- Days on Market (Cumulative)425
Other
- MLS #3643906
Location
Legal
Based on information submitted to the MLS GRID as of 2024-04-09 19:27:08 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Justin Pistorius (#631785)
Listing Office: Local Life Realty, LLC (#8637)