4900 Merritt Drive, Austin, 78744, TX

$1,250,000

0 Bed
0 Bath
3,120 Sqft
.3 Acre
0 Garage

The value is in this land and the zoning that is already in place. Must see this huge investment opportunity that is already producing income! The current generated income is $4800 a month with a potential income of $5500-6000. Generate your income while planning your redevelopment. Also selling the quadruplex next door(4900/4902). Zoned LR-MU-NP.
Future land use: picture shops on the 1st floor with condos above, mixed-used, office, transportation, etc. in the future land use could be a convenience store. Total land for both lots is approximately .6957 total acres.

Essential Information
MLS® #8989824
Price$1,250,000
Bathrooms0.00
Square Footage3,120
Acres0.30
Year Built1982
TypeResidential Income
Sub-TypeQuadruplex
StatusActive
Community Information
Address4900 Merritt Drive
Area11
SubdivisionPeppertree Park
CityAustin
CountyTravis
StateTX
Zip Code78744
Amenities
UtilitiesSee Remarks
FeaturesNone
ParkingAdditional Parking
ViewNone
WaterfrontNone
Interior
InteriorCarpet, Laminate, Vinyl
AppliancesCooktop, Oven, Refrigerator
HeatingCentral, Natural Gas
# of Stories2
StoriesTwo
Exterior
Lot DescriptionTrees Medium Size
RoofComposition
ConstructionBrick Veneer, Frame
FoundationSlab
School Information
DistrictAustin ISD
ElementaryHouston
MiddleMendez
HighTravis
Additional Information
Date ListedAugust 30th, 2022
Days on Market93
Property History
Price Reduced from $1,500,000 to $1,250,000
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