Active

1305 Lorrain ST

Austin TX, 78703

$2,995,000


$479.51 per sqft

Active

6,246 sqft

Multi-family

Built in 1918

Large 0.5ac in Clarksville with alley access, a truly unique find. MF3 zoned. 6,246 sqft livable space, currently getting ~$16k+/month in rents. All units are leased until Aug 2024 with option to renew. New rents for 2024 will be ~$17k/month. Multiple options for residential or multifamily conversion with multiple uses. Would make an amazing residential compound, huge remodel potential and abundant space for a pool, multi car garage, outdoor terraces etc. Sale prices for newly remodeled or new construction in Clarksville range from $1000+ per sq ft, lucrative investment opportunity. Prime location with downtown, UT campus, and Ladybird lake in walking distance. Views of downtown and UT possible with redevelopment.

9833853

MLS ID

January 18, 2024

Listed

March 30, 2024

Updated

Map

1305 Lorrain ST
Austin TX, 78703

Interior Features

Total Stories

2


Interior Features

Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s), Gas Dryer Hookup, Eat-in Kitchen, Interior Steps, Multiple Living Areas, Pantry, Soaking Tub, Storage, Walk-In Closet(s), Washer Hookup


Appliances

Dishwasher, Disposal, Gas Range, Oven, Range, RNGHD, Water Heater-Gas


Floor Description

Concrete, Tile, Wood


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.46 Acres


Exterior Features

Exterior Steps, Private Yard


Lot Features

Back Yard, Front Yard, Gentle Sloping, Interior Lot, Trees-Medium (20 Ft - 40 Ft), Trees-Moderate


Roof

Composition


Sewer

Public Sewer

School Information

School District

Austin ISD


High School

Austin


Elementary School

Mathews

Other Property Details

Area Name

1B


Garage

Yes


Garage Spaces

3


Parking

Alley Access, Attached, Carport, Covered, Garage, Off Street


View

No


View Description

None


County

Travis


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

3/30/2024

Price Change

$2,995,000

3%

3/23/2024

Price Change

$2,895,000

-4%

2/20/2024

Price Change

$2,995,000

-7%

2/14/2024

Price Change

$3,195,000

-4%

Courtesy of Resavvy LLC

Listing Contact: (512) 762-8669

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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 11:38 AM UTC, 3/30/2024