$425,000
●
House -
Off Market
2213 Palo Pinto
Austin, TX 78723
2 Beds
1 Bath
850 Ft²
$2,594
Est. Monthly
5.78%
Cap Rate
About This Property
Ideal location for a investors with quick acess to Mueller
Development and downtown, walkable to numerous amenities as well.
Zoned for single family home or duplex/two-unit condo development
as well
Unit Size
850 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$500
Property Type
House
Property Taxes
$507
HOA Dues
-
Year Built
1948
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Unlock MLS #ACT1092403)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Nov 21, 2024 | Listed by Hart of Texas | $425,000 | |
| Listed by Hart of Texas | |||
| Jan 12, 2024 | No longer available | - | |
| No longer available | |||
| Sep 17, 2023 | Price Decreased |
$535,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Jul 31, 2023 | Listed by Redbird Realty LLC | $549,900 | |
| Listed by Redbird Realty LLC | |||
| | |||
|
Welcome to this exceptional development opportunity in Austin! This listing is being marketed for its prime land value, with the possibility of tearing down the existing home. Located in a highly sought-after area, this property presents an incredible chance for developers and builders to create something truly special.
Ideal location for new construction. Adjacent to Mueller Development, minutes from Downtown. Walkable amenities include Southwest Greenway Park & Trails, Mueller Lake Park, Patterson Park, Morris Williams Golf Course, & JJ Seabrook small Greenbelt Park. Dharma Yoga across the street. In a neighborhood bursting with entertainment and gastronomic delights, this property is ripe with potential for an excellent development project. Contact agent. Opportunity Zone - Info deemed reliable, but verify independently. Buyer/Buyer's Agent to confirm measurements, schools, tax, etc. BRING ALL OFFERS! The manager has listed the unit size as 850 square feet.
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Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East MLK
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Listed by: Andre Davis
Listed Office: Hart of Texas - Listing courtesy of Unlock MLS
Phone: (940) 300-6104
Last Updated: 2025-01-09 04:53:34
Data Source: Unlock MLS, MLS# ACT1092403
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Hart of Texas - Listing courtesy of Unlock MLS
Phone: (940) 300-6104
Last Updated: 2025-01-09 04:53:34
Data Source: Unlock MLS, MLS# ACT1092403
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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