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1703 Summit VW, Austin, TX 78703

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For Sale

$1,700,000

3,944 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $431.03
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This classic Old Enfield 4-plex offers the perfect blend of charm, convenience, and opportunity. Nestled on a large 11,571 sq. ft. MF-3 zoned lot just steps from the historic Peace Mansion, the property sits in one of Austin s most desirable neighborhoods with easy access to Downtown Austin, Town Lake, and MoPac, making it simple to get anywhere in the city. Right outside your door are some of Austin s favorite local spots: Peace Park for morning walks, Jeffrey s Steakhouse and Josephine House for unforgettable dining, Fresh Plus for neighborhood grocery runs, and Caffè Medici for your daily coffee fix. Within 1.5 miles, you ll also find Lions Municipal Golf Course, Town Lake, Lake Austin, the new Lake Austin H-E-B, Deep Eddy Pool, and Mozart s Coffee Roasters, a lineup of Austin icons just minutes away. Plus, you re steps from bike paths along Shoal Creek and MoPac, offering easy two-wheel access to downtown. This property has a 7+ year track record of strong performance, with consistently over 95% occupancy and steadily growing rents, making it a rock-solid investment in the heart of 78703. Zoned MF-3, the property presents exceptional possibilities: ideal for a developer to build up to 16 units, or for a savvy investor to live in one unit while benefiting from rental income and long term appreciation. The owner is also open to creative partnerships with established builders, particularly those who can fund and execute the construction of multiple new units on the site. Each of the four units offers 2 bedrooms, 1 bathroom, in-unit washer/dryer, a covered carport with storage, and separate water, electric, and gas meters a rare combination of convenience and independence in this part of town. The foundation has been recently warrantied, with extra piers added for long-term stability and peace of mind.
MLS# 9192234

Courtesy Of REAL BROKER LLC

(855) 450-0442

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Dryer, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Concrete
  • Floor Covering
    Carpet, Concrete, Tile, Vinyl
  • Lot Size
    0.27 Acres
  • Roof Type
    Asphalt
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 1703 Summit VW, Austin, TX 78703

Home seller CENTURY 21 Randall Morris & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Randall Morris & Associates

(512) 353-1776
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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