401 W Live Oak St Austin, TX 78704
2,533 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,533 sqft
Price per Sqft $465
Subdivision Shelton Willie I
MLS Listing ID 8687427
HOA Y/N No
Year Built 1954
Annual Tax Amount $14,686
Tax Year 2026
Lot Size 8,611 Sqft
Acres 0.1977
Property Sub-Type Triplex
Source actris
Property Description
UNIT MIX:
Main House: +/-1,104 SF, 2BR/2BA, renovated 2021
Unit A (Rear Building, Upper): +/-660 SF, 2BR/1BA, large porch screened in 2021, washer/dryer, updated HVAC - leased to long-term tenants in place approximately 10 years
Unit B (Rear Building, Lower): +/-660 SF including storage area, 1BR/1BA, furnished, washer/dryer - currently operated as a short-term rental (STR)
Each rear unit has its own private entrance and access to the gated yard. All three units are currently occupied; rent roll and lease details available upon request. Owner pays utilities. Parking for up to 7 vehicles. STR potential for the other units is subject to buyer verification of applicable city regulations, permitting, and requirements. SF per Travis CAD; approximate, buyer to verify.
Income from day one, with clear value-add upside: Unit A's interior has not been updated, presenting an opportunity to renovate and potentially increase rental income, and the storage area may be converted to expand Unit B's living space, subject to buyer verification of permitting. 2021 Main House updates include a remodeled bathroom, refinished original hardwood floors, fresh paint, new refrigerator, and foam insulation in the walls and under the house. Updated windows throughout.
Investment paths: hold as a stabilized income-producing asset, renovate Unit A and expand Unit B to increase rents, or pursue redevelopment. The corner lot may support redevelopment into up to three separate residences, subject to buyer verification of zoning.
Location
State TX
County Travis
Interior
Interior Features See Remarks
Heating Central
Cooling Central Air
Flooring Tile, Wood
Fireplace No
Appliance Dishwasher, Free-Standing Electric Range, Free-Standing Gas Range, Free-Standing Refrigerator, Washer/Dryer, Water Heater
Exterior
Exterior Feature See Remarks, Private Entrance, Private Yard
Fence Block, Wood
Community Features None
Utilities Available Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description None
View None
Roof Type Membrane,Shingle
Porch Covered, Porch, Screened, Side Porch
Total Parking Spaces 7
Building
Lot Description Back Yard, Corner Lot, Front Yard, Level
Faces North
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type HardiPlank Type,Stone
New Construction No
Schools
Elementary Schools Travis Hts
Middle Schools Lively
High Schools Travis
School District Austin Isd
Others
Pets Allowed Cats OK, Dogs OK
Special Listing Condition Standard
Pets Allowed Cats OK, Dogs OK
Nearby School & Business
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