$199,000
For Sale

1196 E M Franklin Avenue #2

Austin, TX 78721
Browse 26 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Discover a unique opportunity to invest in one of East Austin’s most desirable areas with this residential lot at 1196 E M Franklin Avenue. This prime piece of real estate offers endless possibilities for developers, builders, and visionaries looking to capitalize on the booming Austin market. Spanning a generous 5,369 Sq Ft, this lot provides the perfect canvas for creating your dream home or a profitable development project. With its ideal location just minutes from downtown Austin, this lot combines the tranquility of a residential neighborhood with the convenience of urban living. As required by the city, water service has been upgraded for two separate meters, leaving the new owner to only install their specific meter for use. The city allows for up to 2300 SF dwelling to be built. Don’t miss this rare chance to secure a piece of East Austin’s future. Whether you're a seasoned investor or looking to start your real estate journey, this residential lot is an opportunity you won’t want to pass up. Buyer to verify all information.

  • Property Details
      • ViewNeighborhood, Trees Woods
      • Lot DescriptionLevel
    • Measurements
      • Acres0.123
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricity Available, Water Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • Subdivision1196 Em Franklin Avenue Condos
    • Location
      • High SchoolNortheast Early College
      • Elementary SchoolNorman-Sims
      • School DistrictAustin ISD
      • Middle SchoolMartin
      • CountyTravis
  • Financial Details
      • Original List Price$199,000
      • Taxes Annual$2,487
      • Days on Market (Cumulative)16
  • Other
      • MLS #2627719

Location

7 Agents Online Now
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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