1. Texas
2. Austin
3. 700 & 604 Corral LN

700 & 604 Corral LN, Austin, TX 78745

Property Description

2.01+/- acre assemblage of two 1 ac city lots, ideal site for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. Two existing homes - one has classic MCM style, the other an older cottage - one or both could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Everyone is pitching HOME / HOME 2 on every lot in Austin, but this is exactly what this code was intended to do. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.

Listing Status:

Active

Listing Office:

Texas Ally Real Estate Group : (512) 763-2559

Listing Agent:

David Mosrie : (512) 516-9722

MLS ID:

3995902

Exterior

• Other Structures: ResidenceSecond ResidenceSee Remarks

Location

Lot

Utilities

Financial

This listing courtesy of David Mosrie, Texas Ally Real Estate Group