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

July 13, 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:

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Carl Shurr shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

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 12:32 PM UTC, 7/13/2024

 

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