935 51St St Austin, TX 78751

Property Details for 935 51St St

Year built

2023

Property size

3,099 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

This exceptional 2-unit, 7-bedroom, 5.5-bathroom duplex in Austin, TX, presents a compelling investment opportunity. Built in 2023, this Class A property boasts 3,099 square feet on a 7,797 square foot lot, zoned SF-3. The property features high-end finishes including premium quartz countertops, black stainless steel touch-screen appliances, and a floor-to-ceiling walk-in pantry. Energy-efficient design elements such as double-sealed concrete floors, spray foam insulation, and tankless hot water heaters are incorporated throughout. Unit A offers 4 bedrooms, 3.5 baths, a ground-floor master suite with a private entrance and double carport, and over 250 square feet of private covered deck space. Unit B includes 3 bedrooms and 2.5 baths. Both units feature engineered hardwood stairs, expansive under-stair storage, and a multi-zoned Nest thermostat. Exterior amenities include a cedar fence, xeriscaped grounds, fresh Bermuda sod, and a brilliant LED exterior lighting package. Electric vehicle charging is also available. Currently vacant, this property offers a pro-forma cap rate of 5.10% and is ideally situated near the University of Texas, transportation routes, and the Mueller district. The asking price is $1,525,000, translating to $605.03 per square foot. This is a turnkey opportunity for owner-users or investors seeking a high-quality, high-return property in a prime Austin location.