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1190 M Franklin Ave, Austin, Texas 78721 For Sale

720 Sqft - 1190 M Franklin Ave, Austin, Texas 78721

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Property Description

Per new city land guide lines. Welcome to an exceptional investment opportunity that beckons seasoned developers and savvy investors alike. Presenting three subdivided and meticulously planned lots, each primed to accommodate three units, creating a grand total of 9 lucrative doors for sale. With approved subdivision and neighborhood plans in place, your vision for a prosperous development is well within reach.

Key Features:
Prime Location: Nestled within the burgeoning east side, this property is surrounded by a thriving community of new developments, ensuring a dynamic and vibrant environment for prospective homeowners.

Subdivide and Conquer: The hard work has been done for you! Approved subdivision allows for the creation of three distinct lots, providing flexibility in your development strategy and maximizing your return on investment.

Lucrative Investment: As the demand for modern living spaces continues to rise, this development promises an opportunity for substantial financial gains.

Thriving Community: The east side has become an attractive destination for young professionals and families seeking a perfect blend of urban convenience and suburban tranquility

Favorable Future: With the surrounding area experiencing impressive growth and appreciation, the value of this investment is bound to escalate over time.

Don’t miss your chance to be at the forefront of this remarkable venture. Whether you’re an experienced developer looking to expand your portfolio or an astute investor seeking a secure venture, this property has all the components for an exceptional success story. Take action now and turn this blank canvas into a masterpiece of modern living!

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : ACT3643906
Price : $2,400,000
Bedrooms : 1
Bathrooms : 1
Half Bathrooms : 1
Square Footage : 720 Sqft
Year Built : 1954
Lot Size : 31,101.80 Sqft
Property Sub Type : Single Family Residence
Standard Status : Active
Features
Parking
Appliances : See Remarks
Association Fee : $0
Construction Materials : See Remarks
Exterior Features : See Remarks
Flooring : See Remarks
Garage Spaces : 1
Interior Features : Primary Bedroom On Main, See Remarks
Levels : One
Lot Features : Cul-de-sac, Trees-moderate, Interior Lot, Trees-small (under 20 Ft), Subdivided
Sewer : Public Sewer
Utilities : Sewer Connected, Electricity Available, Water Available, Natural Gas Available
Address Map
Country : US
State : TX
County : Travis
City : Austin
Zipcode : 78721
Street : M Franklin
Street Number : 1190
Street Suffix : Ave
Longitude : W98° 18' 20.3''
Latitude : N30° 16' 35.8''
Directions : East on 12th, South on EM Franklin, the property is in Cul-da-sac
Area : 5
Street Dir Prefix : E
MLS Addon
Office Name : Local Life Realty, LLC
Listing Agent Name : Justin Pistorius
Front-Facing Direction : North
Elementary School : Norman-Sims
High School : Northeast Early College
List Agent MLSID : ACT631785
List Office MLSID : ACT8637
Middle School : Martin
MLS Status : Active
Parcel Number : 02091602130000
Subdivision Name : Ebony Acres
Tax Amount (Annual) : $7,795
TaxMapNumber : 6
TaxLegalDescription : LOT 6 OLT 17 DIV B EBONY ACRES
TaxYear : 2022
ACT_EstimatedTaxes : $7,795
TaxAssessedValue : $394,710
ACT_TaxFilledSqftTotal : 720 Sqft
OriginalListPrice : $1,599,000
PreviousListPrice : $2,000,000
SpecialListingConditions : Standard
Importer Addon
Close Prc : $0
C$/SqFt : $0
$SqFt : $0
Residential For Sale
  • Listing ID : ACT3643906
  • Bedrooms : 1
  • Bathrooms : 1
  • Square Footage : 720 Sqft
$2,400,000
Agent info
Stacy Caprio
Ready Real Estate
Austin, TX
Contact Agent