Austin Duplex For Sale: Investor Opportunity to Build a New Structure
Are you looking for a prime investment opportunity in one of the hottest real estate markets in the country? Look no further than this Austin duplex for sale with an incredible price improvement. This property offers a unique chance to tear down the existing structure and build a brand new duplex, making it an ideal project for investors seeking to capitalize on the city’s booming real estate market.
Situated on a spacious 7,506.61 square foot lot, this property is zoned for single-family residential use (SF3 ZONED). What makes this investment even more enticing is the fact that almost the entire street is undergoing a transformation, with many homeowners tearing down their properties and replacing them with duplexes and modern homes. This trend has been driven by the high demand for rental and sale properties in the area.
One of the key selling points of this property is its incredible location. Just 12 minutes away from Downtown Austin, 10 minutes from the Austin Airport, and 20 minutes from the famous Austin Domain, this duplex offers convenience and accessibility to some of the city’s most sought-after destinations. Whether you’re looking to attract long-term tenants or capitalize on the short-term rental market, this property’s location is sure to appeal to a wide range of potential renters or buyers.
What sets this property apart from others is the absence of a homeowners’ association (HOA). This means that you have the freedom to transform this property into an Airbnb rental, taking advantage of the growing demand for short-term accommodations in Austin. Additionally, the property’s proximity to public transportation and numerous attractions and entertainment options makes it even more appealing to potential guests.
Investing in real estate, especially in a thriving market like Austin, can offer substantial returns. With the opportunity to tear down the existing structure and build a new duplex, you have the chance to create a highly desirable property that can generate significant rental income or be sold for a profit. The high demand for housing in Austin, coupled with the property’s prime location, makes this investment even more promising.
If you’re an investor seeking to capitalize on Austin’s booming real estate market, this Austin duplex for sale is a must-consider opportunity. With the chance to tear down and build a new structure on this 7,506.61 square foot lot, the potential for a profitable investment is immense. Don’t miss out on this investor’s dream – seize the opportunity to turn this property into a lucrative venture.
1006 Cherico ST, Austin, TX 78702