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$1,049,000

NAL Estimated Property Value

1005 W Martin Luther King Jr BLVD, Austin, TX, 78701

Off MarketInfo
Beds— Beds
Baths— Bath
Baths2,628 Sq Ft
DuplexDuplex
price_per_sqft$399.16 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
AppliancesCooktop, Dishwasher, Disposal, Dryer, Microwave, Free-Standing Range, Refrigerator, Self Cleaning Oven
FlooringCarpet, Laminate, Tile, Wood

Exterior

Private PoolPrivate Pool

About this property

Fantastic duplex house located in the highly sought-after Judges Hill area right next to West Campus. This property features two units with spacious layouts and a shared, large open backyard. With a bit of TLC, rents can be doubled. Remodeling the 6/3 unit A can yield you $7,800 to $8K per month rent and remodeling unit B can yield you $3,900 to $4K rent. The lot is very large 11,167 sq feet, with 80 feet of frontage. the new SF3 zoned regulations allow for the lot to be subdivided into three 3,722 sq feet lots so the land value and redevelopment potential here is huge. Also, MLK is likely to be rezoned to TOD ( transit-oriented district) which would further expand the redevelopment potential. This is a tremendous covered land play.

Investor Tools

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$1,049,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,049,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,294 /month
Positive
Cash Flow Estimate:
$2,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Austin

1005 W Martin Luther King Jr BLVD | Property Details | No Agent List