1406 Summit ST Active Save Request In-Person Tour Request Virtual Tour
Austin,TX 78741
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
Originating Board actris
Year Built 1938
Annual Tax Amount $9,561
Tax Year 2021
Lot Size 0.260 Acres
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 Y
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 Description None
View Downtown
Roof Type Shingle
Accessibility None
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
Restrictions None
Ownership Fee-Simple
Acceptable Financing Cash,Conventional,FHA,FMHA,SBA
Tax Rate 2.22667
Listing Terms Cash,Conventional,FHA,FMHA,SBA
Special Listing Condition Standard