Active
1190 E M Franklin Ave
Austin TX, 78721
$2,400,000
$3,333.33 per sqft
Active
1 Bed
2 Baths
720 sqft
Residential
Built in 1954
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!
3643906
MLSⓇ ID
February 9, 2023
Listed
May 10, 2024
Updated
Map
1190 E M Franklin Ave
Austin TX, 78721
Interior Features
Total Stories
1
Bedrooms
1
Total Bathrooms
2
Full Bathrooms
1
Half Bathrooms
1
Interior Features
Primary Bedroom on Main, See Remarks
Appliances
See Remarks
Floor Description
See Remarks
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.71 Acres
Exterior Features
See Remarks
Lot Features
Cul-De-Sac, Interior Lot, Subdivided, Trees-Moderate, Trees-Small (Under 20 Ft)
Roof
None
Sewer
Public Sewer
School Information
School District
Austin ISD
High School
Northeast Early College
Elementary School
Norman-Sims
Other Property Details
Area Name
5
Taxes
$7,795
Tax Frequency
Annually
Garage
Yes
Garage Spaces
1
Parking
None
View
No
View Description
None
County
Travis
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
---|---|---|
4/9/2024 | Price Change | $2,400,000 20% |
1/29/2024 | Price Change | $2,000,000 11% |
9/6/2023 | Price Change | $1,800,000 20% |
Courtesy of Local Life Realty, LLC
Listing Contact:
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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). 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
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Database last updated 7:56 PM UTC, 5/10/2024