Cash-flowing income property in East Austin's Grant Park/East MLK neighborhood, minutes from Mueller and downtown. Owner financing available at 4.99%. The main house (Unit 1) offers 3 bedrooms and 1 bath in approximately 1,024 square feet, built in 1957, leased through June 2027 with a long-term tenant in place, and… Read More recently updated with a new roof, HVAC, water heater, and water/sewer lines. The side-entry ADU (Unit 2), built in 2021 and City of Austin permitted, is a 1-bedroom, 1-bath studio with soaring 15-foot vaulted ceilings, a private entrance, and its own fenced yard, operated as a mid-term rental with income that varies seasonally. Set on a spacious 0.25-acre lot, this property offers multiple paths forward: hold for cash flow, remodel, or redevelop to maximize rental income in one of East Austin's fastest-evolving corridors. Seller financing may be available to qualified buyers, inquire with listing agent for details. Buyer and buyer's agent to verify all information. Read Less
Property listed by Tiffany Russell Group 512-964-9439 (512) 964-9439
Parcel Number: 02122004220000, Annual Amount: $8,979.25, Assessed Value: $417,639, Legal Description: LOT 41 OLT 19 DIV B GRANT PARK, Lot: 41, Year: 2026
Utilities
ElectricityConnected, NaturalGasConnected, Water Source: Public
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