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$1,049,000   Price Analysis
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1005 W Martin Luther King Jr Blvd
Austin, 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

Fantastic duplex house locatd in the highly sought-after Judges Hill area right next to West Campus.

* Sale Pending *

This property features two units with big 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.
Listing Agent Photo

Property MLS #2184974 from UnlockMLS

Bedrooms: 9

Total Bathrooms: 0
Full Bathrooms: 4

Ceiling Fan(s)
Ceiling-High
Counter-Granite
Electric Dryer Hookup
Pantry
Flooring: Carpet, Laminate, Tile, Wood
Window Features: Aluminum Frames, Window Treatments

Cooktop
Dishwasher
Disposal
Dryer
Microwave
Free-Standing Range
Refrigerator
Self Cleaning Oven
Laundry Features: In Kitchen, Laundry Room, Multiple Locations

Bedroom, Kitchen, Dining Room, Family Room, Living Room

Cooling Features: Ceiling Fan(s), Central Air
Heating Features: Central

Exterior Steps
Fencing: Wood

Lot Description: Trees-Small (Under 20 Ft)
Lot Size Acres: 0.257
Lot Size Square Feet: 11195

Parking Features: Off Street
Parking Total: 7

View: City
Other Equipment: Dryer Connections, Washer Hookup

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Bryker Woods
High School: Austin
Middle School: O Henry
School District: Austin ISD

Austin High School is a public high school located approximately 1.3 miles away.
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Bryker Woods Elementary School is a public elementary school located approximately 1.5 miles away.
directions icon Map directions

The Isely School is a private elementary school located approximately 0.3 miles away.
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Austin St Hospital is a public elementary, middle and high school located approximately 0.9 miles away.
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Bedrooms in Unit-1: 6
Bedrooms in Unit-2: 3
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 2
Unit-1 Furnished Description: Unfurnished
Unit-2 Furnished Description: Unfurnished
Unit 1 Total Actual Rent: 3100.00
Unit 2 Total Actual Rent: 2700.00

Source Listing Status: Active Under Contract
County: Travis
Directions: On MLK Blvd between Cance cir and San Gabriel St
Tax Year: 2024
Source Property Type: Residential Income
Area: DT
Source Neighborhood: Vance Park
Owner Pays: Taxes
Parcel Number: 01120003120000
Subdivision: Vance Park
Flood Plain: No
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
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

Listed 2024-06-08
$1,049,000
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Listing removed 2024-02-02
$0
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Listed 2024-01-17
$1,195,000
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Listing removed 2015-08-21
$695,000
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Price Changed 2015-06-26
$695,000
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Listed 2015-06-02
$725,000
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Listing removed 2015-06-01
$730,000
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Relisted 2015-05-18
$730,000
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Listing removed 2015-03-31
$779,000
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Listed 2015-01-18
$779,000
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Total Square Feet Living: 2628
Year Built: 1967
Construction Materials: Brick, Frame, Masonry Partial
Direction Faces: North
Foundation Details: Slab
Levels: One
Living Area Source: Public Records
Property Age: 57
Roof: Composition, Shingle
Year Built Source: Public Records

Sewer: Public Sewer
Electricity Available
Water Source: Public
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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.