1406 Summit Street
Description
-Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin....Prime Investment Opportunity Minutes from Downtown Austin! Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. Currently generating over $10,000/month with 3 successful units and a 3-year proven income history, this property is a must-see for investors or buyers looking to offset mortgage costs! Key Features:
-Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants. -Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living. -ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income. -ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat. -High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income. With 3 years of proven revenue of $10k/month, this is an opportunity you can’t pass up! -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Feasibility study has been completed and can be shared with interested buyers. Whether you're looking for a high-performing rental property or a site for future multi-family development, this location offers both immediate returns and long-term potential. Don’t miss this rare opportunity – schedule a tour today!
- Listed by Caitlin Sullivan • TREC #0820605 • JBGoodwin REALTORS WLP: (802)-233-1185 C: (802)-802-2331 caitlinsullivan@jbgoodwin.com
Property Details for 1406 Summit Street
Property Details for 1406 Summit Street
| Status | Active |
|---|---|
| MLS # | 9601441 |
| Days on Market | 20 |
| Taxes | $9,561 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | - |
| MLS Type | - |
| Year Built | 1938 |
| Lot Size | 0.26 AC / 11,325 SF |
| County | Travis County |
Building Information for 1406 Summit Street
Property Information for 1406 Summit Street
- Garage Spaces: 0
- Parking Total: 3
- Parking Features: Off Street
- Covered Spaces: 0
- Interior Features: SeparateFormalDiningRoom, EatInKitchen, HighSpeedInternet, MultipleDiningAreas, MainLevelPrimary, Storage
- Flooring: Tile, Wood
- Other Equipment: VariesByUnit
- Appliances: Dryer, Dishwasher, FreeStandingGasRange, Refrigerator, Washer
- Laundry Features: LaundryRoom, WasherHookup, DryerHookup, Stacked
- Exterior Features: Private Entrance, Private Yard, Rain Gutters
- Construction Materials: Masonry, WoodSiding
- Foundation Details: Pillar Post Pier, Slab
- Patio And Porch Features: RearPorch, Covered
- Roof: Shingle
- Fencing: Back Yard, Wood, Wrought Iron
- Direction Faces: East
- Window Features: None
- Accessibility Features: None
- Community Features: None
- Lot Features: Back Yard, Front Yard, Trees Large Size, Trees Medium Size
- Horse: No
- Cooling: Central Air, Varies By Unit
- Heating: Central, Varies By Unit
- Sewer: Public Sewer
- Utilities: Electricity Connected, Natural Gas Connected, Phone Available
- Owner Pays: AllUtilities
- Water Source: Public
- UnitNum: 3
- BedsTotal: 1
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Negotiable
- ActualRent: $.00
- LeasedYN: No
- OccupantType: Vacant
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $.00
- MonthToMonthYN: No
- FireplaceYN: No
- Permission: IDX
- UnitNum: 2
- BedsTotal: 1
- NumFullBaths: 1
- NumHalfBaths: 0
- BathsTotal: 1
- Furnished: Negotiable
- ActualRent: $.00
- LeasedYN: No
- OccupantType: Vacant
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $.00
- MonthToMonthYN: No
- FireplaceYN: No
- Permission: IDX
- UnitNum: 1
- BedsTotal: 4
- NumFullBaths: 2
- NumHalfBaths: 0
- BathsTotal: 2
- Furnished: Negotiable
- ActualRent: $.00
- LeasedYN: No
- OccupantType: Vacant
- PetDeposit: $.00
- PetDepositPerPetYN: No
- Deposit: $.00
- MonthToMonthYN: No
- FireplaceYN: No
- Permission: IDX
- Association: No
- Tax Assessed Value: $429,400
- Tax Year: 2021
- Tax Rate: 2.23%
- Security Features: Prewired
- Directions: From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit
Property History for 1406 Summit Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1406 Summit Street
Schools near 1406 Summit Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Travis Heights Elementary School CharterPK to 5 | ||
Fulmore Middle School Public6 to 8 | ||
Travis High School Public9 to 12 | ||
Graduation Preparatory Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of JBGoodwin REALTORS WL, Caitlin Sullivan, TREC #0820605
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.