Multi-Family New Build, Austin 78752 Sold

  • $375000
  • 7,161 sqft
Price:
$375000
Address:
608 W Saint Johns Ave
Austin, Texas 78752
Square Feet:
7,161
Terms:
For Sale
Property Type:
Condo
Year Built:
1947
Const. Type:
Wood/Brick

Additional Features

• This 7,161 sf lot is flat, has no trees, and most importantly, it has been approved TOD-NP zoning permitting multifamily, condominium residential development. Don't wait on this one. • Allowable - 2:1 FAR, 95% impervious coverage • Passed through Board of Adjustments reducing overall setback requirements (refer to BOA Meeting mins-Approval) • Prelim design and site plan review with City has confirmed min. 3 units, 2-storeys 3900sf can be built (zoning permits up to 7 units) • Proposed Exit: A 4-unit condo buildout (1000sf per unit) making this a homerun deal - est. ARV of $1.3M @ $325/ft The main constraint for maximizing density is off-street parking, but with 95% impervious allowance this should be doable. Terms: • Ask price is $375k • $5,250 Non-Refundable Deposit & signed agreement to secure contract • Properties are sold on a ‘first come, first serve’ basis • Buyer pays standard closing costs incl. title and a new survey, if required Access detailed photos, comps, Realist, etc.: https://goo.gl/dH3iyz

Call 512-535-5554 for more details

Property Location