Depew & E 47th 1 Multifamily Properties Offered at $1,495,398 CAD in Austin, TX

Rare and unique central Austin assemblage / cover land play with multiple potential strategies and exits. Four free standing single family homes with two additional income producing sites. Easy replat to two conforming end cap lots for a 6 unit HOME development play, surveying already completed. The balance of the block was replatted in 2024-2025 and 9 new homes added, the subject being the end cap and remaining undeveloped portion of the block. Proximity to UT and Central Austin keeps these units in high demand with long rental histories. We are currently entering a short period where all units will either be in turnover or occupied month-to-month giving the next investor the flexibility to employ their strategy of choice but we already have multiple applications on two units, one at substantially higher rent. Homes are in varying conditions including one that just had a substantial renovation. Two RV pads with city water, sewer and 50 amp service generate additional income as short or long term earners. As yearly rentals pro forma GAI over $100,000 not including the 2nd RV site. Very rare combination of attributes and assets. Great covered land play for the right investor. Contact LA for more information.