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1406 Summit St

austin, TX 78741

US$899,000

    Interested? Let's Connect

    Prime Investment Opportunity Minutes from Downtown Austin!
    Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. 3 successful units and a proven income history, this property is a must-see for investors or buyers looking to offset mortgage costs!

    Key Features:
    -Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants.
    -Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living.
    -ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income.
    -ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat.
    -High Income Potential: All three units are currently rentals, providing a steady stream of income. With 3 years of proven revenue, this is an opportunity you can’t pass up!
    -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Feasibility study has been completed and can be shared with interested buyers.
    Whether you're looking for a high-performing rental property or a site for future multi-family development, this location offers both immediate returns and long-term potential. Don’t miss this rare opportunity – schedule a tour today!

    Details

    2,292 Sq Ft

    0.26 Private Acres Lot Size

    investment

    US$9,561 Annual Tax

    Built in 1938

    MLS/Listing ID 6389057

    2 Stories

    3 Units

    Amenities & Features

    Wrought-iron

    Wood

    Backyard

    Natural Wood

    Tile

    Slab

    Pillar Post Pier

    Storage

    Separate Formal Dining Room

    Multiple Dining Areas

    Main Level Primary

    High Speed Internet

    Eat-in Kitchen

    Washer Hookup

    Stacked

    Laundry Room

    Dryer Hookup

    Lot - Medium Trees

    Lot - Large Trees

    Washer

    Refrigerator

    Free-standing Gas Range

    Dryer

    Dishwasher

    Construction - Wood Siding

    Construction - Masonry

    Cooling - Central Air

    Rear Porch

    Parking - Off Street

    Lot - Backyard

    Lot - Front Yard

    Covered

    City View

    Shingle

    Rain Gutters

    Private Yard

    Private Entrance

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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