$2,100,000
607-611 Nelray BLVD, Austin, TX, 78751
On Market
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
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,600 /month
Positive
Cash Flow Estimate:
$4,200 /month
Financing Details
Estimated Taxes & Insurance
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$X/month
No HOA
5.947%
