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Listing Details

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MLS #
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School Ratings & Info

Description

Build 6 townhomes or 35 apartments! Rare small-scale big upside development opportunity on East Riverside Drive in booming Montopolis (watch the 8-minute FAQ video - https://youtu.be/OGtPwLfHSZQ). Value is in the land, but the existing dwelling has been extensively remodeled & is an ideal office or residential rental for cash flow during the planning phase. Great high-demand location for professionals and young families to fill your new development! Southeast Austin location has easy access to highways (290 & 183) for a quick commute to work (Oracle and Tesla are nearby), shopping & entertainment. There are endless options of restaurants, bars, cafes, live music, and shopping that are growing and adding more character and desirability to the neighborhood. Just minutes away from the downtown action, the SoCo charm, and the serenity of Lady Bird Lake. Staying fit has never been easier and fun, with Equinox, Orange Theory, [solidcore], Soul Cycle, walking trails, and kayak/paddleboard rentals just a short car/bike ride away. And if that was not enough, the airport is only 5 minutes away"easy in and out of the city for wanderers and business travelers.

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© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-19T16:25:02.37.
www.remaxideal.com/homes/119762171
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6707 E Riverside Dr Austin, TX 78741

  • Price: $649,500
  • Status: Active
  • Updated: 16 min ago
  • ID#: 2292841
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Beds
0
Baths
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½ Baths
0.22
Acres
Neighborhood:
Montopolis
County:
Travis
Area:
Austin
Property Description
Build 6 townhomes or 35 apartments! Rare small-scale big upside development opportunity on East Riverside Drive in booming Montopolis (watch the 8-minute FAQ video - https://youtu.be/OGtPwLfHSZQ). Value is in the land, but the existing dwelling has been extensively remodeled & is an ideal office or residential rental for cash flow during the planning phase. Great high-demand location for professionals and young families to fill your new development! Southeast Austin location has easy access to highways (290 & 183) for a quick commute to work (Oracle and Tesla are nearby), shopping & entertainment. There are endless options of restaurants, bars, cafes, live music, and shopping that are growing and adding more character and desirability to the neighborhood. Just minutes away from the downtown action, the SoCo charm, and the serenity of Lady Bird Lake. Staying fit has never been easier and fun, with Equinox, Orange Theory, [solidcore], Soul Cycle, walking trails, and kayak/paddleboard rentals just a short car/bike ride away. And if that was not enough, the airport is only 5 minutes away"easy in and out of the city for wanderers and business travelers.
Exterior Features

Attached Garage YN No Bays 0 Construction Materials ConcreteGlass Garage YN No Other Structures Second Residence Parking Features DrivewayOpenOutside Road Surface Type PvdSidewalks View Trees/Woods Waterfront YN No

Interior Features

Building Area Total 1322 Heating None

Property Features

Accessibility Features None Additional Parcels YN No Building Features Clean RoomComputer RoomCool/FreezerKitchen EquipmentLiving Area/BuildingWasher Dryer Connections Current Use Residential Estimated Taxes 4402 Horse YN No Listing Terms CashConventional1031 Exchange New Construction YN No Property Condition Resale Property Sub Type See Remarks Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity AvailableSewer AvailableWater Not Available Water Source Public

Property listed by Exp Realty Llc.


© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-09-19T16:25:02.37.
 
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RE/MAX IDEAL REALTY
5708 S Congress Ave
Austin TX, 78745