$2,695,000
1305 Lorrain Street, Austin, TX
6,246
Square feet
0.46
Acres
Significant price reduction. Outstanding .46 acre buyer opportunity in the heart of Clarksville. Live in the main home or one of the duplex units, and enjoy rental income from all other units on the property. If you have a development in mind, MF-3 Zoning is in place with endless possibilities. The property includes a main home with five bedrooms and three baths, plus two additional buildings that house three 2/1 duplexes and storage spaces. All units are currently leased, and all leases expire on 7/31/2021. All showings need to be directly scheduled with the listing broker. Conceptual lot layouts are attached, but the feasibility of any and all projects must be verified by your own engineer and architect. Ask listing broker about ally access agreement and mailbox access. Seller to utilize a 1031 exchange. PLEASE DO NOT DISTURB THE TENANTS! THANK YOU!
Facts & Features
| ListingFeed | abor_vow |
|---|---|
| MLS® # | 3537370 |
| List Price | $2,695,000 |
| Sale Price | $2,550,000 |
| Sale Date | August 13th, 2021 |
| Bathrooms | 0.00 |
| Square Footage | 6,246 |
| Acres | 0.46 |
| Year Built | 1918 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
Community Information
| Address | 1305 Lorrain Street |
|---|---|
| Subdivision | Enfield A |
| City | Austin |
| County | Travis |
| State | TX |
| Zip Code | 78703 |
Amenities
| Utilities | Electricity Available, Natural Gas Available |
|---|---|
| Features | None |
| Parking | None |
| View | None |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior | Concrete, Tile, Wood |
|---|---|
| Appliances | Range |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Back Yard, Front Yard, Gentle Sloping, Interior Lot, Moderate Trees, Trees Medium Size |
|---|---|
| Windows | Screens |
| Roof | Composition |
| Construction | Frame |
| Foundation | Pillar/Post/Pier |
School Information
| District | Austin ISD |
|---|---|
| Elementary | Mathews |
| Middle | O Henry |
| High | Austin |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |