300 Irma Dr, Austin, TX 78752

$499,900
1,280
SqFt
List Price
$499,900
MLS#
5502862
Year Built
1958
Living Sq. Ft
1,280
Lot Size
7,618
Days on Market
11
Property Type
Multifamily
Stories
1

Property Description

A prime real estate opportunity for redevelopment or land banking with some income. Favorable Austin redevelopment rules allow for 3 residences on this lot. 300 Irma is nestled in the vibrant heart of Austin, Texas. This unique property, currently structured as a duplex, offers an exceptional chance for developers and investors to tap into the city's flourishing housing market, with its true value lying in its potential for land development. Situated in a highly sought-after area of Austin, near the ACC Highland Campus, Crestview Rail Station, Ranch 99 Asian Market, and other popular restaurants and shopping destinations, it's an ideal site for residential projects. The recent introduction of the HOME amendment by the City of Austin allows for the potential to build up to three residences on this lot, further enhancing its appeal. Don't miss out on this exceptional opportunity to own and develop in one of Austin's most desirable neighborhoods, a rare find in Austin's competitive real estate market, offering a lucrative opportunity for those looking to invest in a growing area. Call for details regarding our Byrne Buyers Guarantee. Register now! Buyer to verify all MLS information.

Additional Information

Taxes
$7,310
Lot Description
Corner Lot
Appliances
Gas Range, Refrigerator, Washer/Dryer, Water Heater
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
View
No View
Roof
Asphalt
Sewer
Public Sewer
Water
Public
School District
Austin ISD
Elementary School
Reilly
Middle School
Lamar (Austin ISD)
High School
McCallum

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Listing courtesy of Keller Williams Realty. Contact: (512) 942-7880

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