1108 Vasquez StAustin, TX 78741

Description

Seller Financing Available! Purchase price of $375,000 with 20% down and an 8% interest rate, offering a flexible financing option for investors. Located in the heart of East Austin, 1108 Vasquez St presents an excellent investment opportunity in one of Austin's fastest-growing neighborhoods. The property has been substantially remodeled and improved in recent years, providing updated living spaces while still offering value-add potential. While many upgrades have been completed, some items may still require attention or repairs, including portions of the flooring and other cosmetic improvements. Currently tenant-occupied and generating rental income of $2,300 per month, with a lease in place through 2027. The tenant may consider vacating prior to lease expiration if purchased by an owner-occupant. Situated on a functional lot, the property may offer potential for a two-unit development (buyer to independently verify), making it attractive as both a cash-flowing rental and a long-term land investment. The property also features a remodeled detached shed in the backyard, providing flexible space ideal for a home office, studio, workshop, gym, or creative workspace. Conveniently located near Downtown Austin, Austin-Bergstrom International Airport, major highways, restaurants, entertainment, and the vibrant East Austin arts and dining scene. Whether you're looking for immediate rental income, seller financing, future development potential, or a strategic land hold in a rapidly appreciating area, 1108 Vasquez St offers versatility and opportunity. Listing photos were taken prior to tenant occupancy. Some photos may have been virtually staged and digitally enhanced to illustrate the property's potential. Only 2 Friday per month available for showings.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

1st Floor Entry

Year built

1952

Living area

1,280 Sq Ft

Lot size

0.14 acres

Parking spaces

2

Ownership

Fee-Simple

Days on market

592

MLS^® Listing#

2888419

Property Features

Interior

Ceiling Fan(s) · Open Floorplan · Master Downstairs

Appliances

Dishwasher · Electric Range

Cooling

Ceiling Fan(s) · Central Air

Heating

Central

Flooring

Tile · Vinyl

Pool

None

Parking

Driveway · Enclosed

Laundry

In Hall

Patio

Front Porch

Fencing

Fenced · Back Yard · Chain Link · Front Yard · Full · Gate

Lot features

Back Yard · Level

Construction

Vinyl Siding

Foundation

Pillar/Post/Pier

Roof

Shingle

Windows

Blinds

Other structures

Storage · Workshop

Community

None

Utilities

Electricity Available · Water Available

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Allison

Middle

Martin

High

Eastside Early College

Financial Details

HOA

None

Annual taxes

$5,766Tax year 2024

Assessed value

$314,763

Parcel number

03071708050000

Directions

From downtown Austin, head east on East Cesar Chavez Street. Turn right onto Montopolis Drive, then left onto Felix Avenue. Finally, turn right onto Vasquez Street; the property will be on your right. For personalized directions from your current location, consider using a GPS navigation system or an online map service.