Cash-flowing income property in East Austin's Grant Park/East MLK neighborhood, minutes from Mueller and downtown. Owner financing available at 4.99%. The main house (Unit 1) offers 3 bedrooms and 1 bath in approximately 1,024 square feet, built in 1957, leased through June 2027 with a long-term tenant in place, and recently updated with a new roof, HVAC, water heater, and water/sewer lines. The side-entry ADU (Unit 2), built in 2021 and City of Austin permitted, is a 1-bedroom, 1-bath studio with soaring 15-foot vaulted ceilings, a private entrance, and its own fenced yard, operated as a mid-term rental with income that varies seasonally. Set on a spacious 0.25-acre lot, this property offers multiple paths forward: hold for cash flow, remodel, or redevelop to maximize rental income in one of East Austin's fastest-evolving corridors. Seller financing may be available to qualified buyers, inquire with listing agent for details. Buyer and buyer's agent to verify all information.
26 days
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392
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21
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Tiffany Russell(512) 964-9439,
Tiffany Russell Group(512) 964-9439
Source: Unlock MLS,MLS#: 6066050
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 3
Heating
Central, Ductless
Cooling
Central Air, Ductless
Appliances
Included: Dishwasher, Disposal, Gas Cooktop, RNGHD, Refrigerator, Vented Exhaust Fan, Washer/Dryer Stacked, Tankless Water Heater
Features
Ceiling Fan(s), High Ceilings, Electric Dryer Hookup, Primary Bedroom on Main, Washer Hookup
Flooring: Tile, Wood
Windows: See Remarks
Interior area
Total interior livable area: 1,556 sqft
Property
Parking
Parking features: Attached Carport, Driveway, Gravel, Off Street
Has attached garage: Yes
Accessibility
Accessibility features: None
Features
Levels: One
Stories: 1
Patio & porch: See Remarks
Exterior features: Exterior Steps, Private Yard
Pool features: None
Fencing: Wood
Has view: Yes
View description: See Remarks
Waterfront features: None
Lot
Size: 0.25 Acres
Features: Trees-Large (Over 40 Ft)
Details
Additional structures: See Remarks, Guest House, Residence, Second Residence
Parcel number: 02122004220000
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Foundation: Pillar/Post/Pier, Slab
Roof: Asphalt, Metal
Condition
Resale
New construction: No
Year built: 1957
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected