Austin, TX 78741,1406 Summit ST
Austin, TX 78741,1406 Summit ST
Austin, TX 78741,1406 Summit ST
Austin, TX 78741,1406 Summit ST
Austin, TX 78741,1406 Summit ST
Austin, TX 78741,1406 Summit ST
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$ 1,150,000
Est. payment | /mo

6 Beds

4 Baths

2,292 SqFt


Save
$ 1,150,000
Est. payment | /mo
Save

6 Beds

4 Baths

2,292 SqFt

Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 2,292 sqft

Price per Sqft $501

Subdivision Elmhurst

MLS Listing ID 7968644

Style 1st Floor Entry,2nd Floor Entry,See Remarks

Bedrooms 6

Full Baths 4

HOA Y/N No

Originating Board actris

Year Built 1938

Annual Tax Amount $9,561

Tax Year 2021

Lot Size 0.260 Acres

Acres 0.26

Property Description

Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin!
This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly.

Key Features:
-Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants.
-Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living.
-ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income.
-ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat.
-High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income.
-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential.

Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market.

Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!

Location

State TX

County Travis

Rooms

Main Level Bedrooms 5

Interior

Interior Features Eat-in Kitchen, Multiple Dining Areas, Primary Bedroom on Main

Heating Central, Varies by Unit

Cooling Central Air, Varies by Unit

Flooring Tile, Wood

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Refrigerator, Washer/Dryer

Exterior

Exterior Feature None

Fence Back Yard, Wood

Pool None

Community Features None

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available

Waterfront No

Waterfront Description None

View Downtown

Roof Type Shingle

Porch Covered, Rear Porch

Total Parking Spaces 3

Private Pool No

Building

Lot Description Back Yard, Front Yard, Trees-Large (Over 40 Ft), Trees-Medium (20 Ft - 40 Ft)

Faces East

Foundation Pillar/Post/Pier, Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Masonry – Partial,Wood Siding

New Construction No

Schools

Elementary Schools Travis Hts

Middle Schools Lively

High Schools Travis

School District Austin Isd

Others

Special Listing Condition Standard

Listed by JBGoodwin REALTORS WL
agent-avatar

+1(512) 917-4704

cara@kenneygrant.com

300 Lowell Ln N, Austin, TX, 78733

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1406 Summit ST