Texas Ally Real Estate Group, LLC Austin, TX 78741
Excellent multi family duplex opportunity just east of the Zilker neighborhood. Perfect for an owner occupant duplex purchase of a multi family inventory interested in the long term development opportunity of the site itself. Located just East of Lamar tucked into the neighborhood. This section of Lamar is zoned for the same schools as the remainder of Zilker (Zilker, O Henry, Austin High). Compatibility unlikely to be an issue as adjacent properties are also zoned MF2. Currently under preforming rent wise and potential to increase rents. Owner occupied. Market rents are closer to $1900-$2300/mo per unit. Opportunity to potentially add a shower to convert 1st floor 1/2 bath to a full bath. See agent for details.
Existing duplex is a good covered land option for rental income during site plan and development review. Also a great option for a 1031 acquisition.
Fresh Tree and Topo survey available.
Up to 6 units allowed.
MF-2 guidelines –
Building Covers – 50%
Imp Cover – 60%
Max Height – 60%
Max Height 40 ft or 3 stories