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3400 E Martin Luther King Jr Blvd

Austin, TX 78721
  • $475,000
  • STATUS: Active Under Contract
  • ID#: 3082056
Under Contract
$475,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Value is in the land - existing structure is likely a tear down. Motivated Seller. Property is located in an opportunity zone on a high growth corridor, great long term hold with potential to rezone - buyer to verify. With immediate access to MLK Jr. Blvd, a major thoroughfare, you'll find easy access to Downtown/Central Business District, the medical center, the new Moody Center / UT Campus, and more! The property is directly across from the J.J. Seabrook Greenbelt which provides a view, a place for leisure and some separation from neighbors. Within walking distance to Mueller providing access to many entertainment and shopping needs. Special corner lot poised for a great development! Optionality abounds with the potential to keep the existing structure and build an ADU, or tear down the current bungalow and build a duplex like you'll see on the adjacent property on Pershing. New construction single family in this neighborhood is also selling for $2m+. Current market rent for the existing home is roughly $2400/month while you wait for permits. Buyer to verify development due diligence!

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© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-07-04T00:02:00.22.
austin.papasanproperties.com/homes/128589244
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3400 E Martin Luther King Jr Blvd Austin, TX 78721

  • Price: $475,000
  • Status: Active Under Contract
  • On Site: Days
  • ID#: 3082056
0
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Manor Road Add
County:
Travis
Area:
Austin
Elementary School:
Maplewood
Middle School:
Kealing
High School:
Mccallum
School District:
Austin ISD
Property Description
Value is in the land - existing structure is likely a tear down. Motivated Seller. Property is located in an opportunity zone on a high growth corridor, great long term hold with potential to rezone - buyer to verify. With immediate access to MLK Jr. Blvd, a major thoroughfare, you'll find easy access to Downtown/Central Business District, the medical center, the new Moody Center / UT Campus, and more! The property is directly across from the J.J. Seabrook Greenbelt which provides a view, a place for leisure and some separation from neighbors. Within walking distance to Mueller providing access to many entertainment and shopping needs. Special corner lot poised for a great development! Optionality abounds with the potential to keep the existing structure and build an ADU, or tear down the current bungalow and build a duplex like you'll see on the adjacent property on Pershing. New construction single family in this neighborhood is also selling for $2m+. Current market rent for the existing home is roughly $2400/month while you wait for permits. Buyer to verify development due diligence!
Exterior Features

Exterior Features Private Yard Fencing Back YardChain LinkFenced Lot Features Back YardCorner Lot Other Structures None View Park/GreenbeltSee Remarks Waterfront Features None Waterfront YN No

Property Features

Additional Parcels YN No Association YN No Community Features None Estimated Taxes 10124 Horse YN No Listing Terms CashConventionalFha New Construction YN No Property Sub Type Single Lot Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 10124 Utilities Electricity AvailableNatural Gas ConnectedWater Connected Water Source Public

Property listed by Movegroove.


© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-07-04T00:02:00.22.
 
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Papasan Real Estate Team @ Keller Williams Realty
1801 S. Mopac Expwy, Ste 100
Austin TX, 78746