$999,777 Est. $3,556 / mo.*

3306 Larry Lane Lane Austin , TX 78722

Description

5 Beds
4 Baths
2,744 Sqft
15,071 Sqft lot
0.35 Acre lot
Status: Active Under Contract
Property Type: Single Family Residence
Year Built: 1951
Neighborhood: Mcquown A N
Days on Website: 26
UNBELIEVABLE OPPORTUNITY FOR DEVELOPMENT OR REMODEL ON HUGE LOT W ANOTHER LOT BEHIND IT THAT CONVEYS! GORGEOUS .34 AC IN TOTAL ZONED SF3 IN FANTASTIC EAST SIDE HIP NEIGHBORHD IN WALKING DISTANCE TO UT LAW SCHOOL! 3 HOUSES W RENT@ $3940 MO WHICH IS WAY UNDER MARKET FOR EA HOUSE B/C OF AWESOME LONG TERM TENANTS! ALWAYS RENTED BC OF AREA! PLUS THE EXTRA LOT IN THE BACK (SEE SURVEY)! 3/2 W SUNROOM W ORIGINAL HARDWOODS, REMODELED BATHROOMS W SUBWAY TILE & BUILT IN SHELVING+ A 1/1 THAT IS SUPER CUTE W ITS OWN PRIVATE COURTYARD+ A GREAT LITTLE EFFICIENCY IN BACK! PROPERTY HAS 2 DRIVEWAYS+ EXTRA LOT BEHIND THE PROPERTY (UNFENCED) CONVEY W/ SALE!! POSSIBILITIES ARE LIMITLESS W A HOUSE & LOT THIS SIZE! YOU CAN LIVE IN 1 PART & RENT OUT THE REST OR REBUILD FAB MODERN STRUCTURE W/ ALL THE ROOM YOU WANT! WOOD FLOORS+ CHARACTER+ LOCATION. WALK TO HOOVERS, EAST SIDE CAFE, SUGAR MAMAS & ALL THE TREASURES THAT FRENCH PLACE & CHERRYWOOD HAVE TO OFFER! SERIOUSLY CHECK THE COMPS ON REDEVELOPMENT FOR A LOT THIS SIZE! BUILD A BIG HOUSE IN THE FRONT AND AN ADU IN THE BACK OR DUPLEX IT OR REMODEL AND USE THE BACK LOT FOR A PRIVATE OASIS POOL & POOLHOUSE! CK COMPS AT 2106 EM FRANKLIN FOR LARGER SOLD POTENTIAL OR 2102 E 21ST FOR SMALLER POTENTIAL & THAT WAS ONLY ON .05 AC. THE POTENTIAL ON .34 ACRE IS A RARE OPPORTUNITY ESPECIALLY IN A NEIGHBORHOOD AS AMAZING AS THIS! THE PEOPLE IN THE NEIGHBORHOOD ARE TRULY A TREASURE & THE CULTURE THAT IT HAS IS UNMATCHED ANYWHERE. THIS IS TRULY THE JEWEL AREA OF THE EAST SIDE! THERE ARE AN AMAZING SET OF TENANTS THAT ARE EITHER MO TO MO OR HAVE A FEW MONTHS REMAINING ON THEIR LEASE THROUGH 6/22/22 PAYING $3940. THEY WOULD BE HAPPY TO STAY AND GENERATE REVENUE WHILE PERMITS AND PLANS ARE GATHERED TO MAKE IT THE PERFECT HOME FOR YOU BUT THAT IS OPEN FOR DISCUSSION. LOADS OF POTENTIAL & CHARACTER! RECENT ROOF & OTHER UPDATES COSMETICALLY! TEXT ALL 3 TENANTS PLEASE THEN GO. UNIT C IS A GO FRIDAY 12-5.

Property Details and Features

Contact an Agent

Mike Caputo

(512) 250-0253