507 Allen ST, Austin, TX 78702

$720,000 Asking Price

3 beds
2 baths
1,120  sqft
Built in 1940

Location Location Location....Remarkable investment opportunity. This property is just a 2 minute drive time to downtown Austin. Exceptional property with multiple possibilities for development. Located in the highly sought after East Austin area. Conveniently located nearby Grizzeldas, Justine's, Cloud Tree Art Studio/Gallery, Central Machine Works, Metro Rail, and just a 2 minute drive from downtown Austin. The property is zoned SF3, allowing flexibility of land use and in construction and development plans. This charming home offers 3 bedrooms, 2 bathrooms, and an abundance of natural light. This property is also Wheelchair accessible. There is opportunity to rebuild, teardown, or add another property on this lot along with this home. The property next door located at 509 Allen St is also for sale. Seller would like to sell both properties at the same time. This would give a investor or developer a chance to design and build brand new dwellings and maximize your investment. Don't miss out on this amazing opportunity!

Features & Amenities

Interior

General:
No Interior Steps, Primary Bedroom on Main
Appliances:
Free-Standing Range, Electric Water Heater
Laundry:
Laundry Closet
Flooring:
Carpet, Laminate
A/C:
Central Air, Electric
Heating:
Central, Natural Gas
Fireplace:
Fireplaces: 0
Eco/Green Feature:
None, None

Exterior

General:
Exterior Steps
Other Structures:
None
Pool:
None
Parking:
Driveway, Unpaved, Parking spaces: 2

Construction

Roofing:
Composition
Windows:
None
General:
One, Pillar/Post/Pier

Location

Originating MLS:
actris
School District:
Austin ISD
County:
Travis

Lot

Zoning:
LOT 10 BLK 2 OLT 15 DIV A PIPKIN ADDN, 02021406020000
View:
None
Fencing:
Chain Link, Partial

Utilities

Utilities:
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
actris

This listing courtesy of:
Pure Realty, Alice Solis

About Austin, TX

Housing

Number of Units
523,644
Median Home Value
$435,027
Median Rent
$1,253

52.82% of housing units are renter occupied.

7.09% are vacant.

Commute

Car
53.46%
Public Transportation
1.78%
Walk to Work
1.73%
Work from Home
41.61%
Other
0.53%

The median travel time to work is 16 minutes.

People

Population
1,163,161
Median Age
35.90
Median Household Size
2.60

Education

High School
14.31%
Associate’s Degree
5.38%
Bachelor’s Degree
34.89%
Graduate Degree
21.08%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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