107 Johanna St Austin, TX 78704

Property Details for 107 Johanna St

Year built

2024

Lot size

0.30 lot acres

Property size

5,354 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a brand-new, three-unit luxury residential project in Austin, Texas's vibrant South Congress (SoCo) neighborhood. Located at 107 W Johanna St, this Class A property boasts 5,354 square feet across two buildings and three stories, built in 2024. The property sits on a 0.3-acre lot and is zoned MF-3, allowing for multi-family use. The development comprises two duplex units and one standalone single-family home, each designed with premium finishes and extensive private decks and patios, including rooftop decks offering neighborhood and downtown views. The unique layout, despite site challenges, maximizes privacy and aesthetic appeal for each unit, with alley access enhancing convenience. This project, developed by an award-winning team, benefits from a prime location near numerous amenities, ensuring high demand and strong rental potential. Currently vacant, this property offers a compelling redevelopment opportunity with a total asking price of $4,500,000 ($1,500,000 per unit and $840.49 per square foot). The property's strategic design, coupled with its location in the desirable SoCo area, positions it for significant long-term growth and profitability. Building permits have been approved and issued by the City of Austin. This is a vacant property.