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$750,000

Amazing opportunity in a prime Central Austin location directly across from The Grove. This large, flat lot with rear alley access is ideal for a new custom home or a complete renovation. The property is being sold as-is, with the value primarily in the land. There are two structures on the property: a 2-bedroom, 1-bath main house and a nice efficiency unit at the rear. Both structures are solid but require a complete renovation. The property previously generated $3,350 per month in rental income in its current condition; however, the former tenants left it in poor condition. The highest and best use may be a teardown for new construction, although buyers looking for a major renovation project will also appreciate the property's potential. Its exceptional location directly across from The Grove places shopping, dining, parks, and entertainment just steps away, making this a rare redevelopment opportunity in one of Central Austin's most desirable areas.

3 Beds ⋅ 2 Baths ⋅ 9336827 MLS

1807 W 38th St, Austin

Listing courtesy of Keller Williams Realty. Contact: (512) 472-1000