501 Texas Avenue Austin, TX 78705

First time on the market after over 50 years in the same family! Rare opportunity combining a premiere location with an incredible historic (built in 1922) front house and two garage apartments in the rear. Located in the Hancock neighborhood near UT with a .21/acre corner lot. Front home on the lot has gorgeous front porch, recent updates (both structural and cosmetic) and while currently separated out into two 1 bedroom |1 bath units with full kitchens and living rooms, it could easily be converted and restored to original single family home. Many options for this one besides returning the front house into a single family home: owner occupy one of the units, continue revenue generating with existing longer term tenants, determine future development / building opportunities, etc. Currently, the two Family Dwelling lot is used as fourplex and has been for a very long time. Electric is metered separately. Front house roofing work completed in 2018 - new roof decking, shingles, rebuild of rafter supports and replaced facia board and trim. Extensive foundation work performed to front home in 2019 by Centex Foundation - leveling of the foundation and added 25 concrete piers. Front house (501 Texas) cosmetic updates Unit A: tile walk-in shower, bathroom penny tile flooring, vanity, laminate flooring, updated tile wall in kitchen, tiled front porch, blinds For B Unit upstairs updates: tile shower surround, vanity, some laminate flooring.
Property has two separate addresses - 501 Texas for front house and 3411 Duval for back house
Be sure to visit matterport walk-through tour for virtual walk-through of all 4 units: https://www.chrissyhand.com/501texas
Central Austin location makes creatures comforts easy: Walk Score: 70 Transit Score: 62 Bike Score: 95
Buyer to independently verify all information including but not limited to square footage, lot size, year built, zoning, building restrictions, taxes, schools, etc.