1614 Holly StAustin, TX 78702

Description

Fully Renovated East Austin Property | Income Today + Development Upside Rare opportunity to own a fully renovated 2-bedroom, 2-bath home in one of Austin's most desirable and rapidly evolving areas. The property provides an attractive combination of immediate income, future development potential, and long-term land play. The home is currently occupied by a month-to-month tenant who is willing to sign a long-term lease, giving the next owner flexibility to either maintain the current arrangement or lock in longer-term rental income, making this a terrific covered land play opportunity. The real value is in the land and optionality. Based on current development plans, there is potential to add two additional units in the rear of the property, creating an opportunity to increase density and rental income while retaining the existing renovated home. For an investor, this is a compelling land-covered investment: collect income from a fully improved property today while maintaining multiple paths for future value creation. Keep the existing tenant on a long-term lease, pursue the addition of two additional units, or simply hold the property for potential long-term land appreciation. Highlights include: fully renovated home, 2 bedrooms and 2 bathrooms, existing month-to-month tenant willing to sign a long-term lease, immediate rental income, potential for two additional units, and significant long-term redevelopment optionality. A unique opportunity to acquire a cash-flowing property with embedded development potential in Austin. Buyer to independently verify zoning, development potential, permitting requirements, and ability to construct additional units.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1946

Living area

898 Sq Ft

Lot size

0.14 acres

Parking spaces

2

Ownership

Fee-Simple

Days on market

7

MLS^® Listing#

7429541

Property Features

Interior

Master Downstairs

Exterior

Private Entrance · Private Yard

Appliances

Built-In Gas Range · Built-In Range

Cooling

Central Air

Heating

Central

Flooring

Laminate

Pool

None

Parking

Additional Parking

Laundry

In Kitchen

Patio

Porch

Fencing

Back Yard

Lot features

City Lot · Level

Construction

Frame · Wood Siding

Foundation

Slab

Roof

Composition · Shingle

Windows

Shutters

Security

Smoke Detector(s) · Fire Alarm

Other structures

None

Community

None

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Zavala

Middle

Martin

High

Eastside Early College

Financial Details

HOA

None

Annual taxes

$11,036Tax year 2025

Assessed value

$506,630

Parcel number

02020701180000

Directions

Drive east on East 7th St. Right to Comal St. Turn left. Property is on the right.