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Shown by appt only. Seller Requires lease-back thru 3/31/22. This unique 0.269 acre, 11,718 sqft corner parcel is in an ideal Travis Heights location with 3 current dwelling units. The lot alone supports the list price. This lot should accommodate a 4000+ sqft new build home with a finished value of $5M+ (buyer to verify independently). But the existing homes are NOT teardowns. The Primary house is 1317 Newning, a 3/1 with 1137 sqft. A true craftsman style classic. Second house next door is 1315 Newning, a 2/1 with 832 soft. A 3rd studio unit sits behind 1317. Walking distance to SoCo but far enough to avoid SoCo traffic/parking encroachment. Stacy Park/Pool is an easy walk. Minutes to downtown. All units in good, non-updated condition, livable as-is, but the large corner lot size present a compelling redevelopment opportunity or an owner-occupant remodel/rebuild with rental income opportunities. NOTE: Seller requires lease-back in 1317 Newning thru 3/31/2022. Existing front door Excluded, to be replaced. New Buyer survey will be needed, existing survey for reference only, does not show rear cottage. Preferred Title Kara - Independence Rollingwood.This Residential property located within the Michaels Fairview Park 02 subdivision in Austin, TX 78704 is priced at $874/sq. ft. and has been on the market for 30 days. 1317 Newning Avenue is 2002 square feet of living space and has 3 bedrooms and 1 baths and was built in 1951.
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