$330,000

Description

Seller Financing Available! Purchase price of $375,000 with 20% down and an 8% interest rate, offering a flexible financing option for investors. Located in the heart of East Austin, 1108 Vasquez St presents an excellent investment opportunity in one of Austin's fastest-growing neighborhoods. The property has been substantially remodeled and improved in recent years, providing updated living spaces while still offering value-add potential. While many upgrades have been completed, some items may still require attention or repairs, including portions of the flooring and other cosmetic improvements. Currently tenant-occupied and generating rental income of $2,300 per month, with a lease in place through 2027. The tenant may consider vacating prior to lease expiration if purchased by an owner-occupant. Situated on a functional lot, the property may offer potential for a two-unit development (buyer to independently verify), making it attractive as both a cash-flowing rental and a long-term land investment. The property also features a remodeled detached shed in the backyard, providing flexible space ideal for a home office, studio, workshop, gym, or creative workspace. Conveniently located near Downtown Austin, Austin-Bergstrom International Airport, major highways, restaurants, entertainment, and the vibrant East Austin arts and dining scene. Whether you're looking for immediate rental income, seller financing, future development potential, or a strategic land hold in a rapidly appreciating area, 1108 Vasquez St offers versatility and opportunity. Listing photos were taken prior to tenant occupancy. Some photos may have been virtually staged and digitally enhanced to illustrate the property's potential. Only 2 Friday per month available for showings.

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