$750,000

1202 E 29th ST, Austin, TX 78722

  • 7 beds |
  • 4 baths |
  • 2,408 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon7,850sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $311/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

NEW INVESTOR SPECIAL — Two Homes, One Price in East Austin! Offered at $750,000, this cash-flowing attached duplex provides a rare opportunity in Central Austin, with the option to purchase each home separately. Investors have already taken notice of this one. This property features two fully separate homes located in East Austin’s desirable 78722 zip code. Tenants are responsible for all utilities and lawn care. Pro-forma NOI is projected at $57,150 per year with a cap rate of 7.62%. Estimated cash flow is approximately $1,068 per month with 20% down at a 6.25% rate, and the DSCR is 1.29, making it an easy qualifier. Buy the entire property for $750,000 or choose to purchase each home individually. Side A offers 1,354 square feet and is priced at $500,000. Side B offers 1,054 square feet and is priced at $350,000. This layout accommodates a wide range of strategies including long-term rentals, mid-term rentals, short-term rentals, house-hacking, owner-occupant income opportunities, 1031 exchanges, DSCR financing investors, and developers seeking flexible configurations. This is a rare chance to own two income-producing homes on one lot in one of Austin’s most sought-after neighborhoods. Properties like this seldom hit the market, and when they do, they move quickly. Our last listing in this area sold in three days with multiple offers.

Listing Status:
Active
Listing Office:
eXp Realty, LLC : (888) 519-7431
Listing Agent:
Melanie Suber : (737) 888-4070
MLS ID:
5947016
  • General: Two Primary SutiesBuilt-in FeaturesCeiling Fan(s)High Speed InternetMultiple Dining AreasMultiple Living AreasPrimary Bedroom on MainRecessed Lighting
  • Appliances: DishwasherGas RangeMicrowave
  • Laundry: InsideLaundry Closet
  • Flooring: Wood
  • A/C: Ceiling Fan(s)Central Air
  • Heating: Central
  • Fireplace: Fireplaces: 0
  • Eco/Green Feature: NoneNone
  • General: Private Yard
  • Other Structures: Front PorchCovered
  • Pool: None
  • Parking: CommonParking spaces: 3
  • Roofing: Composition
  • Windows: None
  • General: OnePillar/Post/Pier
  • HOA Amenities: CurbsSidewalks
  • Originating MLS: actris
  • School District: Austin ISD
  • County: Travis
  • Zoning: LOT 1 BLK H OLT 28 DIV C DANCY ADDN02140909010000
  • View: Neighborhood
  • Fencing: FencedWood
  • Utilities: Above GroundElectricity AvailableNatural Gas Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: actris

This listing courtesy of Melanie Suber, eXp Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Maplewood Elementary School

3808 Maplewood Ave, Austin, TX, 78722

Grades PK-5

0.64 miles away

K

Kealing Middle School

1607 Pennsylvania Ave, Austin, TX, 78702

Grades 6-8

1.09 miles away

G

Garza Independence High School

1600 Chicon St, Austin, TX, 78702

Grades 10-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.