917 E 37th St

Hancock, 奥斯丁, TX 78705

Attention developers and multifamily investors!- An incredible opportunity is waiting for you to purchase a covered land play located in the heart of Austin, Texas. Situated near the University of Texas, DT Austin, and Mueller Development, just south of Hyde Park, this tri-plex is perfectly located for an exciting new development project.Currently, two of the three units are leased on a month-to-month basis, providing a steady stream of income while you go through the design and permitting process for new construction. You have the option to lease all three units on a month-to-month basis, maximizing your return on investment.With the option to renovate the existing structure and build a new structure on the front portion of the lot for a partial redevelopment or to completely tear down and redevelop this large, flat centrally located lot, the possibilities for this property are endless. Don't miss out on the chance to invest in a prime location in Austin, Texas.