This Austin single-family property offers strong rental potential with estimated monthly revenue between $2,095-$2,800, positioning it well against the current market median of $2,100. Located in East Austin between French Place and Mueller, this 3-bed/1-bath home sits on a generous 0.26-acre lot with significant development potential under new city regulations allowing for additional units. The property needs renovation but offers excellent value with its proximity to downtown, UT, and Mueller's amenities including hike-and-bike trails and parks.
Consider renovations to increase rental value, particularly updating the single bathroom and kitchen to command higher rents in this desirable location. The property's greatest upside lies in its development potential - building two additional units in the backyard would significantly boost monthly revenue. For the current owner considering selling, highlighting the development opportunity under new city rules and the property's location between two desirable neighborhoods would maximize buyer interest from real estate investors.