1305 Lorrain Street
Austin, TX 78703
Number of Units:
Type: Multi-Unit Residential
Outstanding .46 acre buyer opportunity in the heart of Clarksville. Live in the main home or one of the duplex units, and enjoy rental income from all other units on the property. If you have a development in mind, MF-3 Zoning is in place with endless possibilities. The property includes a main home with five bedrooms and three baths, plus two additional buildings that house three 2/1 duplexes and storage spaces. All units are currently leased, and all leases expire on 7/31/2021. Conceptual lot layouts are attached, but the feasibility of any and all projects must be verified by your own engineer and architect. Seller to utilize a 1031 exchange. PLEASE DO NOT DISTURB THE TENANTS! THANK YOU!
Directions: East on Enfield, south on Lorrain, property will be on your left.
Fireplace Description: None
Floors: Concrete, Tile, Wood
Water / Sewer: Public Sewer
Parking Description: None
Documents Available: Survey
Waterfront Description: None
Elementary School District: Austin ISD
Elementary School: Mathews
Other Utilities: Electricity Available, Natural Gas Available
Property SubType: Quadruplex
Square Feet Source: PublicRecords
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
© 2021 Austin Board of REALTORS® (ACTRIS). All rights reserved.
All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®. ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from ACTRIS through the date and time shown below.
ACTRIS-ABOR-Austin data last updated at May 8, 2021 7:17 PM CT