Austin, TX 78701,1005 W Martin Luther King Jr BLVD
$1,049,000
Est.Price: ?

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2,628 SqFt

1005 W Martin Luther King Jr BLVD Austin, TX 78701

Est. payment /mo
SOLD DATE : 09/03/2024

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Diane Hart Alexander, MBA, MHA

Diane Hart Alexander, MBA, MHA

+1(713) 591-9902

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,628 sqft

Price per Sqft $361

Subdivision Vance Park

MLS Listing ID 2184974

Year Built 1967

Tax Year 2024

Lot Size 0.257 Acres

Property Description

Fantastic duplex house located in the highly sought-after Judges Hill area right next to West Campus. This property features two units with spacious layouts and a shared, large open backyard. With a bit of TLC, rents can be doubled. Remodeling the 6/3 unit A can yield you $7,800 to $8K per month rent and remodeling unit B can yield you $3,900 to $4K rent.
The lot is very large 11,167 sq feet, with 80 feet of frontage. the new SF3 zoned regulations allow for the lot to be subdivided into three 3,722 sq feet lots so the land value and redevelopment potential here is huge. Also, MLK is likely to be rezoned to TOD ( transit-oriented district) which would further expand the redevelopment potential. This is a tremendous covered land play.

Location

State TX

County Travis

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Laminate, Tile, Wood

Exterior

Exterior Feature Exterior Steps

Fence Wood

Pool None

Community Features None

Utilities Available Electricity Available

Waterfront Description None

View City

Roof Type Composition,Shingle

Building

Lot Description Trees-Small (Under 20 Ft), See Remarks

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick,Frame,Masonry – Partial

New Construction No

Schools

Elementary Schools Bryker Woods

Middle Schools O Henry

High Schools Austin

School District Austin Isd

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK, Breed Restrictions

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Listed by Resavvy LLC • Tony Lazarov
Bought with Resavvy LLC

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Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

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