901 Stobaugh StAustin, TX 78757

This exceptional 1-acre commercial property, located at 901 Stobaugh St in Austin, Texas's desirable Crestview neighborhood, presents a compelling investment opportunity. The property boasts 2,382 square feet of buildable land, mostly flat with trees primarily situated at the perimeter. Currently generating a monthly rental income of $4,300 from two existing month-to-month residential tenancies, this asset offers immediate cash flow while development plans are finalized. The site is zoned MF-2, allowing for multi-family development. A preliminary site plan, though not yet approved, proposes a 15-unit complex with an average unit size of 2,733 square feet. However, this plan is not binding, and buyers are free to pursue alternative development strategies tailored to their vision. The property's prime location within Crestview, combined with its flexible zoning and existing income stream, makes it an ideal platform for a variety of development projects. This is a rare chance to acquire a well-positioned Austin property with significant upside potential. The asking price is $3,700,000. Serious inquiries only.