Unlock an unparalleled investment opportunity in Austin's esteemed Banister Acres neighborhood, within the 78745 area code—comprising three premium assets designed for immediate income generation and substantial appreciation potential. With a 25% price reduction to $899,900, this presents a compelling prospect requiring prompt attention to capitalize on favorable returns. (1) Elite Front Home ($527,200): Fully rebuilt in 2025 with high-efficiency HVAC, plumbing, and electrical systems, spray foam insulation, LG stainless steel appliances, Bosch dishwasher, elegant quartz countertops featuring waterfall edges, and premium luxury flooring. Fresh CO issued November 4, 2025, ensuring seamless ownership and operation. (2) Chic Tiny Home Rear Unit ($161,300): Equipped with cutting-edge modern upgrades, including efficient HVAC, plumbing, and electrical systems, spray foam insulation, premium countertops, a tankless water heater for optimal energy savings, and luxury flooring throughout; grandfathered compliant studio, offering versatile and appealing living space. (3) Prime Developable Parcel ($211,400): Preliminary draft site plan available in the MLS for a 2,333+ square foot home or duplex. Entitlement finalization currently in process, positioning this parcel for swift development and value enhancement. Neighboring property sold for $1,599,900 on June 23, 2025—clear evidence of rapidly ascending market values in this sought-after area. Return on Investment (5%+ Capitalization Rate): Construction at $250 per square foot (approximately $583,000); total annual income of $93,600 ($7,800 per month total for the three units). Deducting $20,000 in expenses (including $10,255 for taxes, insurance, and maintenance), NOI reaches $73,600. Based on a $1,483,000 investment, this yields a capitalization rate exceeding 5%. Existing units provide immediate revenue. Secure this discounted opportunity promptly, as market conditions in Austin continue to escalate!
Based on information submitted to the MLS GRID as of 2025-11-08 11:05:35 UTC. 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.
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 the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Provided By
Listing Agent: James Haecker (#598080), Phone: (512) 203-4836
Listing Office: James R. Haecker (#8207)
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