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For sale 27 days ago

$574,900

1 bd 1 ba 953 sqft

1205 E 12th Street, Austin, TX 78702

Residential SFR

Current Rent **

N/A

Projected Rent **

$2,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Investor Opportunity: Renovate or Rebuild

Step into this 1925 charmer, offering historical appeal and significant potential for renovation or redevelopment. The welcoming front porch leads to a spacious living room and dining area, connected by French doors, ideal for various layouts. The eat-in kitchen is functional and ready for updates.

Key features include a large bedroom with a walk-in closet, a sizable bathroom, and a back porch opening to a generous yard. Positioned on a .114-acre SF3-zoned lot, this property invites you to restore its historic charm or capitalize on the zoning to build up to three new homes. Maximize your investment by transforming this unique property to fit modern needs.

The owner is seeking offers at fair market value—serious inquiries only.

Virtual tour link: https://my.homediary.com/story/461624/u

Location:

1205 E 12th Street, 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.