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5210 Woodrow Ave
Austin, TX 78756 Brentwood

$775,000 USD

Land For Sale • 0.26 AC

Property Details

Property Type Land
Lot Size 0.26 AC
Zoning SF-3

50 Transit Score

80 Walk Score

Description

Unique covered land opportunity in the heart of central Austin.  Ideal for builders looking small MF development and recent zoning changes should allow three-unit residential on the property.  Current architectural plans for single-family home plus ADU convey with the sale.  Two leases have been secured for a projected $45,516.08 in NOI ($4,800 per month in rent) and offer income while plans are being processed.

                
                    Highlights
                
                                Plans convey for single-family home plus ADU as part of the sale 
                            
                                Zoning could allow three units on the property 
                            
                                Large, infill lot should allow up to 4,587 SF (40%)
                            
                                Secured rental income of $4,800 per month for 2,510 SF duplex 
                            
                                Recent renovations could allow for longer-term hold of property 
                            
                                Ideal central Austin location, walkable to restaurants, coffee shops, bars and more!