Property Description

Investor special. Good investment property in north central Austin area. Large lot offers opportunity for two units. Several homes in this subdivision have already been converted or totally replaced here by investors into million dollar properties over the years. Profitability options include either a complete remodel to bring it up to speed or a complete tear down replacing it with something else. Contract offers should list sellers as “Estate of Robert Rodriguez Ybarra & Mary Lucy Ybarra” according to Chicago Title Company, 2300 Greenhill Drive, Suite 310, Round Rock, TX 78664 which has cleared this property for sale. The big advantage of this property is its location. It is centrally located with easy access to everything! For example, it is near the Austin Community College campus, the main campus of the University of Texas (many parents are looking for housing for their UT students), downtown Austin, excellent Austin restaurants, the Mueller Area, Dell Children’s Hospital, farmers markets, shopping and schools. Easy access to IH 35, 183, 290 for easy travel north, south, east or west. A perfect pocket neighborhood house close to everything! Two blocks to UT shuttle bus pickup or drop off, walking distance to Capital Metro, a brewery that often has no parking available because it is so popular is just walking distance around the corner from the house, there is an automotive repair shop right across the street, the Hancock Center with the HEB grocery store & more than 30 shops & eating places is located nearby, & also there is a large storage facility down the street that can be very convenient. The bottom line for this property is it has all the advantages of the old saying “Location, Location, Location” which means “identical homes can increase or decrease in value due to location.” With this in view investors should consider the potential available for them with this property depending on what they do with it. The sky is the limit.