400 W Alpine Rd

Unique beautiful, South Central Austin Property. Large lot of 23,871 sqft. Currently has two rentals. In back, original 3/1 2 story farm house. Currently leased at $2000. Long term tenant lease expires on 6/3130/25. Front property is a former school that has 5 bedrooms, two bathrooms. Could easily be divided in to 2 units. One a 3/2 the other a 2/2. Rent is now $2400. Could be $4000 or more if divided. Properties best use might be redevelopment on current buildings footprint. Also has large buildable area in back part of lot. Property has condo developments on the three surrounding properties. Really need to walk property to understand possibilities.