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Jody Mele

jodymelerealtor@gmail.com +1(972) 974-2102

$849,900

Est. payment - /mo

3 Beds

3 Baths

1,171 SqFt

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Open House

Sat Nov 08, 2:30pm - 5:30pm

Sun Nov 09, 10:00am - 6:00pm

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Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 1,171 sqft

Price per Sqft $725

Subdivision Banister

MLS Listing ID 2922546

Style See Remarks

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1951

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 50 x 172

Property Sub-Type See Remarks

Source actris

Property Description

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!

Location

State TX

County Travis

Rooms

Main Level Bedrooms 3

Interior

Interior Features Two Primary Baths, Bar, Built-in Features, Ceiling Fan(s), Ceiling-High, Quartz Counters, High Speed Internet, Multiple Dining Areas, Multiple Living Areas, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Smart Home, Smart Thermostat, Sound System, Stackable W/D Connections, Storage, Walk-In Closet(s), Wired for Data, Wired for Sound

Heating Central, ENERGY STAR Qualified Equipment, Exhaust Fan, Natural Gas, Radiant, Radiant Ceiling, Radiant Floor

Cooling Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment, Multi Units

Flooring See Remarks

Fireplace No

Appliance Built-In Gas Oven, Built-In Gas Range, Built-In Range, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Range, Instant Hot Water, Microwave, Free-Standing Gas Oven, RNGHD, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer, Washer/Dryer Stacked

Exterior

Exterior Feature Barbecue, Uncovered Courtyard, Dog Run, Exterior Steps, Garden, Gas Grill, Lighting, Outdoor Grill, Permeable Paving, Private Entrance, Private Yard

Garage Spaces 1.0

Fence See Remarks, Fenced, Front Yard, Gate, Privacy, Security, Vinyl, Wood, Wrought Iron

Pool None

Community Features BBQ Pit/Grill, Common Grounds, Controlled Access, Courtyard, Covered Parking, Dog Park, Gated, Google Fiber, Package Service, Storage, Underground Utilities

Utilities Available Electricity Available, Electricity Connected, High Speed Internet, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected

Waterfront Description None

View City, Skyline

Roof Type Aluminum,Asphalt,Membrane,Shingle

Porch Covered, Deck, Front Porch, Patio, Porch, Rear Porch

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Cleared, Few Trees, Front Yard, Landscaped, Near Public Transit, Open Lot, Private, Private Maintained Road, Split Possible, Views, Xeriscape

Faces West

Foundation Pillar/Post/Pier, Raised, Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Spray Foam Insulation,Radiant Barrier,Board & Batten Siding,Cement Siding,Metal Siding,Wood Siding,Stucco

New Construction No

Schools

Elementary Schools St Elmo

Middle Schools Bedichek

High Schools Travis

School District Austin Isd

Others

Special Listing Condition Standard

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Listed by James R. Haecker

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Jody Mele

+1(972) 974-2102

Agent | License ID: 697238

Agent License ID: 697238

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4309 Hank Ave Austin, TX 78745

Jody Mele

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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