1202 E 29TH STREET, AUSTIN, TX 78722
Homes for sale in Austin.
Homes for sale in 78722.
1202 E 29th Street
Austin, TX 78722
List Price$750,000
Listing #5947016
About This Property
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.
Property Features
Location Information
County
Travis
Subdivision
Dancy Add
County
Travis
Directions
Coming from I-35 N, take exit 236 onto N Interstate 35 Frontage Road. Turn right onto E 30th St. Take a right on Robinson Ave. Finally, turn left on E 29th St. Home will be on your left.
Area
3
Interior Features
Interior
Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, High Speed Internet, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Multiple Primary Suites, Recessed Lighting
Floors
Wood
Primary Bedroom On Main
Yes
Laundry
Inside, Laundry Closet
Full Baths
4
Disabled Features
None
Has Dining Room
Yes
Appliances
Dishwasher, Gas Range, Microwave
Number of Fireplaces
0
Accessibility
None
Heating
Central
Exterior Features
Style
Wood Siding
Parking Description
Common
Stories
1
Garage Spaces
0
Is New Construction
No
Fencing
Fenced, Wood
Construction/Exterior
Wood Siding
Lot Size in Acres
0.18
Exterior
Private Yard
Waterfront Description
None
Foundation
Pillar/Post/Pier
Has Waterfront
No
Possession
Closing & Funding, Close Of Escrow
View
Neighborhood
Water / Sewer
Public Sewer
Is One Story
Yes
Water
Public
School
Elementary School District
Austin ISD
Middle School
Kealing
Elementary School
Maplewood
High School
McCallum
Additional Information
Roof/Attic
Composition
APN
02140909010000
Other Utilities
Above Ground Utilities, Electricity Available, Natural Gas Connected
Status
Active
Property Type
SFR
Documents Available
None
Property SubType
Single Family Residence
Square Feet Source
Public Records
Year Built
1984
Similar Listings
Mortgage Calculator
$3,502
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,702
Monthly Tax
$625
Monthly Insurance
$175
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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