Active · MLS# 8591338
5210 Woodrow Ave
Austin, TX, 78756
$650,000
5 Beds · 4 Baths · 2,510 SF · $259/SF
Unique covered land opportunity in the heart of central Austin. Ideal for builders looking for small MF development and recent zoning changes should allow three-unit residential on the property (SF-3 zoning). Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516 in NOI ($4,800 per month) and offer income while plans are being processed (6.51% cap rate). Home is being marketed as a tear down.
Property Details
Property type
Single Family Residence
Living area
2,510 sq ft
Bedrooms
5
Bathrooms
4 full
Year built
1963
Lot size
0.26 acres
Subdivision
Broadacres
County
Travis
Schools
Elementary
Brentwood
Middle
Lamar (Austin ISD)
High
Austin
Features
Interior
Ceiling Fan(s) · Kitchen Island · Open Floorplan · Storage · Study/Home Office
Exterior
Restricted Access
Flooring
Tile · Wood
Heating
Central
Cooling
Ceiling Fan(s) · Central Air
Views
City
Listing courtesy of Jackson Williams, John P. Cummings Jr.. Information is provided by Unlock MLS (Austin Board of Realtors) and is deemed reliable but not guaranteed. Adrian Salas is not the listing agent for this property unless otherwise stated.
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Listings courtesy of Unlock MLS (Austin Board of Realtors). Information deemed reliable but not guaranteed.