5008 Richmond Ave, Austin, Texas

$419,500
Active
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Property Details

MLS ID: ACT2151233
Status: Active
Price: $419,500
Acres: 0.2±
Type: Unimproved, Land
Address: 5008 Richmond Ave
City, State: Austin, TX
County: Travis County
ZIP Code: 78745
Parcel Number: 04121204230000

Description

Offered for sale is a .2-acre buildable lot buildable lot with no tree issues, in a neighborhood surrounded by new construction and bustling revitalization. This lot offers a unique opportunity in Austin to build 1-3 units per the new city of Austin's new "Home Phase One Amendments". Situated on Richmond Ave, this property sits on a lot size of approx. 8,712 square feet. This location offers a versatile option for those looking to invest or build in the area. The seller has three contiguous lots for sale as three separate listings, providing expanded possibilities for development.

The interior of the existing building is currently tenant occupied. Buyers have the flexibility to have the seller give a 30-day notice to the tenants, or choose to close with the tenants in place to collect rent while plans and permits are approved with the city. The existing structure is a duplex featuring two units with two bedrooms and one bath and 720 square feet of living area per unit.

Prospective buyers can coordinate with the listing agent regarding tenant notification requirements and explore the options available for this multi-lot offering.

Buyer to verify all permitting and zoning requirements/restrictions independently and shall not rely on seller for guidance!

Directions: From US71/Ben White exit onto banister rd heading south. Banister road turns into richmond ave. Units are at the end of richmond on your right.

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Listed By: Ryan Saunders of Texstar Austin Realty - (512) 431-3200