$1,049,000 Price Analysis 1005 W Martin Luther King Jr BlvdAustin, TX 78701 9 bed 4 bath 2,628 SqFt ($399/SqFt) 0.26 acre lot. Built 1967 Listed 2024-06-08, Taxes $21,741 | Ⓧ USDA Ineligible due to price & location near Austin |
This property features two unts with sizeable layouts and a shared, large open backyard. With a bit of TLC, rents can be doubled. Remodeling the 6/3 unit A can yield you $7, 800 to $8K per month rent and remodeling unit B can yield you $3, 900 to $4K rent.
The lot is large 11, 167 sq feet, with 80 feet of frontage. the new SF3 zoned regulations allow for the lot to be subdivided into three 3, 722 sq feet lots so the land value and redevelopment potential here is huge. Also, MLK is likely to be rezoned to TOD ( transit-oriented district) which would further expand the redevelopment potential. This is a tremendous covered land play.
Presented by Tony Lazarov at
Resavvy LLC.
Property MLS #2184974 from UnlockMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2021 | $119,600 + $856,800 $976,400 | $21,741 |
2020 | $224,335 + $554,400 $778,735 | $17,340 |
2019 | $224,335 + $554,400 $778,735 | $16,703 |
2018 | $224,335 + $554,400 $778,735 | $17,241 |
2017 | $224,335 + $554,400 $778,735 | $17,241 |
2016 | $224,335 + $554,400 $778,735 | $17,880 |
2015 | $86,400 + $453,600 $540,000 | $12,399 |
2014 | $136,800 + $403,200 $540,000 | $12,851 |
2013 | $195,606 + $448,000 $643,606 | $15,569 |
2012 | $42,579 + $448,000 $490,579 | $11,687 |
2011 | $unknown + $unknown $490,579 | $14,309 |
2010 | $unknown + $unknown $547,705 | $15,872 |
2009 | $unknown + $unknown $547,705 | $15,227 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.