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$2,100,000

607-611 Nelray BLVD, Austin, TX, 78751

On MarketInfo

About this property

Discover 0.56 acres of prime MF-3 zoned land across three contiguous lots, totaling 24,477 sq. ft. This flat, lightly wooded property is perfect for high-density residential redevelopment. Currently, the site features two duplexes and one single-family home, all fully leased, generating steady income while you plan your project. Take advantage of the existing rental income while you secure permits and finalize development plans. This is a fantastic land play in one of Austin’s most desirable neighborhoods.

Investor Tools

$0Estimated Mortgage Balance
$2,100,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,600 /month
Positive
Cash Flow Estimate:
$4,200 /month

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Respace LLC

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Financing Details

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

City: Austin