Residential Income in Austin

$999,800

505 Kemp, 78741, Austin, TX

UNDER OFFER

Residential Income for sale in Austin, 505 Kemp, 78741, 3664 m²

505 Kemp, 78741, Austin, TX

$999,800

3664
Type: Residential Income

Description

This contemporary duplex is sitting in one of those East Austin pockets that makes a lot of sense from both a lifestyle and investment standpoint. Set on Kemp Street in Montopolis, the location gives you that rare mix of city access and outdoor space, with Roy G. Guerrero Park right across the street for trails, disc golf, ball fields, river access, and Secret Beach. You can bike into the downtown hike-and-bike trail system or connect to Little Walnut Creek Trail for miles of exploring, all right from your front door. Even with all that green space nearby, you are still close to the good stuff. Downtown is about 5 minutes away via E Cesar Chavez, E 5th, or E 7th, the airport is about 4 minutes away, and you have easy access to 183, 290, and I-35. East Riverside, Lady Bird Lake, restaurants, breweries, etc. are all nearby, keeping the location incredibly convenient for tenants, owner-occupants, or anyone looking for a smart long-term hold in a growing East Austin pocket. Both units are identical, giving the property a clean, straightforward setup for leasing, house hacking, or holding long term. The property is currently vacant, offering immediate flexibility for the next owner to place tenants, set lease terms, explore owner-occupancy, or evaluate short-term and mid-term rental potential. Even better, each unit has a history of long-term rental use at $3, 200 per month, creating potential monthly rental income of $6, 400 for both units combined. Each unit offers 3 BD, 2.5 BA, a bonus loft area, an attached garage, and an open, flexible floorplan with modern finishes throughout. Each also includes a covered patio and fenced yard space, adding a private outdoor spot that brings real value for future tenants. Modern, clean, vacant, and incredibly well-positioned, this duplex brings the lifestyle appeal renters want and the long-game potential investors are looking for. Buyer to verify all info, including rental income, short-term rental use, permitting, and restrictions.

Location

505 Kemp, 78741, Austin, TX

Data

Object TypeResidential Income
Purchase Price$999,800
Living Space3664 m²
Plot Size524.88 m²
BathroomsN/A
Construction Year2020
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCentral
Primary Energy SourceN/A
Construction Year2020
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent