$1,150,000
For Sale

1406 Summit Street

Austin, TX 78741
2292 sqft | 6 beds | 4 baths | 0.26 acres | #7968644
Browse 32 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin!
This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly.
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.
-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential.
Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market.
Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!

  • Interior Details
      • InteriorSeparate Formal Dining Room, EatInKitchen, Multiple Dining Areas, MainLevelPrimary
    • Beds & Baths
      • Bedrooms6
      • Bathrooms4
      • Full Baths4
  • Property Details
      • Lot DescriptionBack Yard, Front Yard, Trees Large Size, Trees Medium Size
      • ViewCity
    • Measurements
      • Acres0.26
      • Square Feet2292
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1938
    • Material information
      • FoundationPillar Post Pier, Slab
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected, Natural Gas Connected, Phone Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionElmhurst
    • Location
      • Elementary SchoolTravis Heights
      • School DistrictAustin ISD
      • Middle SchoolLively
      • High SchoolTravis
      • CountyTravis
  • Financial Details
      • Original List Price$1,150,000
      • Taxes Annual$9,561
      • Days on Market (Cumulative)1
  • Other
      • MLS #7968644

Location

Legal

Based on information submitted to the MLS GRID as of 2024-11-21 17:54:23 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


The information being 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. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Last Updated: . Source: ACTRIS

Listing Courtesy
Listing Agent: Caitlin Sullivan (#820605), Phone: (512) 502-7601
Listing Office: JBGoodwin REALTORS WL (#003302)

Manuel NievesReal Estate Group
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Interest Rate

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6.0%

Tax Rate

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2.6%
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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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