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For sale 9 days ago

$675,000

4 bd 3 ba 1391 sqft

1200 Walnut Ave, Austin, TX 78702

Residential SFR

Current Rent **

N/A

Projected Rent **

$3,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

High

Great Short-term or Long term Rental

Discover the allure of East Austin with this beautifully remodeled 1925 home, perfect for investors aiming for rental or Airbnb use. Spread across 1,391 sqft, this property boasts 4 spacious bedrooms and 3 full baths, merging historical elegance with modern functionality. The open layout features a large living and dining area, ideal for entertainment or leisure. The modern kitchen is equipped with the latest amenities, ready to impress. Located on a .139-acre corner lot with convenient alley access and additional storage shed, the possibilities are extensive. Thanks to SF3 zoning, the site supports up to three units, offering significant development potential. A prime choice for those seeking a versatile investment in a bustling neighborhood.
Property Website: https://my.homediary.com/story/465686/b

Location:

1200 Walnut Ave, Austin, TX 78702

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.