$2,400,000
1 Bed
1.5 Baths
720 SqFt
0.71 Acre Lot
31,101 Sqft Lot
Status Active
Property Type Single Family Residence
Year Built 1954
Neighborhood Ebony Acres
Days on Website 444

Property Map

$2,400,000 – 1190 E M Franklin Avenue, Austin, TX 78721

Street View

Property listed by Local Life Realty, LLC 512-502-5117 {attribution_contact}

Description

Per new city land guide lines. Welcome to an exceptional investment opportunity that beckons seasoned developers and savvy investors alike. Presenting three subdivided and meticulously planned lots, each primed to accommodate three units, creating a grand total of 9 lucrative doors for sale. With approved subdivision and neighborhood plans in place, your vision for a prosperous development is well within reach. Key Features: Prime Location: Nestled within the burgeoning east side, this property is surrounded by a thriving community of new developments, ensuring a dynamic and vibrant environment for prospective homeowners. Subdivide and Conquer: The hard work has been done for you! Approved subdivision allows for the creation of three distinct lots, providing flexibility in your development strategy and maximizing your return on investment. Lucrative Investment: As the demand for modern living spaces continues to rise, this development promises an opportunity for substantial financial gains. Thriving Community: The east side has become an attractive destination for young professionals and families seeking a perfect blend of urban convenience and suburban tranquility Favorable Future: With the surrounding area experiencing impressive growth and appreciation, the value of this investment is bound to escalate over time. Don’t miss your chance to be at the forefront of this remarkable venture. Whether you’re an experienced developer looking to expand your portfolio or an astute investor seeking a secure venture, this property has all the components for an exceptional success story. Take action now and turn this blank canvas into a masterpiece of modern living!

Property Details and Features

Bathrooms

  • 1 half bathroom
  • 1 full bathroom
  • 2 total bathrooms

Bedrooms

  • 1 total bedrooms
  • Bedroom on main level

Building

  • Built in 1954
  • Stories: 1
  • 720 sqft living area

Cooling

  • No cooling

Garage

  • 1 garage space

Interior Features

  • Main Level Primary

Listing

  • Property Subtype: Single Family Residence
  • Listed on 2023-02-09

Location

  • County: Travis
  • Subdivision: Ebony Acres

Lot

  • 0.714 acres
  • Area: 0.714
  • Cul-De-Sac
  • Interior Lot
  • Moderate Trees
  • Subdivided
  • Trees Small Size

Parking

  • 1 covered space

Possession

  • Closing & Funding

Property

  • Tear Down / Value in Land

Schools

  • Elementary School: Norman-Sims
  • Elementary School District: Austin ISD
  • Middle School: Martin
  • Middle School District: Austin ISD
  • High School: Northeast Early College
  • High School District: Austin ISD

Sewer

  • Public Sewer

Taxes

  • Annual Amount: $7,795
  • Year: 2022

Utilities

  • Electricity Available
  • Natural Gas Available
  • Sewer Connected
  • Water Available

Request More Information

Schedule a Showing