$89,500
For Sale

Veldt Drive

Austin, TX 78725
Browse 10 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Invest in the future with this 1/3 acre corner lot, featuring a 300 SF tiny home and just minutes from Colorado River water access. Please note, the tiny home has no kitchen or bathroom, and is relying on a generator for power and a porta potty for restroom facilities. This lot is more about the land and its potential, with buyers responsible for installing water, electricity, and septic systems. Located in the up-and-coming Imperial Valley neighborhood, this property is surrounded by major development projects, making it a prime investment opportunity. The adjacent John Trevino Jr. Metropolitan Park at Morris Ranch is a 330-acre undeveloped parkland with exciting master plans including stages, food trucks, and space for small to medium concerts. Discover more about these plans here: https://austinparks.org/park/john-trevino-jr-metro-park/ On the opposite side, Bud Dryden Airport is poised for major attractions once completed, making this lot even more valuable due to its perfect position between the park and the airport for future concerts and events.The popular Sign Bar is minutes away, along with the massive $800M Walter E Long Metro project ( https://www.austintexas.gov/sites/default/files/files/Parks/Planning_and_Development/WaterELong/WEL%20Vision%20Plan%20Digital%20Final%20Draft%202020-08-11.pdf ) adding to the area’s growth potential. Currently, the property generates $1,800/month from leasing parking spaces to trailer owners and renting the tiny home. Situated in Austin’s ETJ, the lot has low restrictions, but buyers must build above the floodplain (around 2 ft above BFE base floodplain elevation) and provide septic, water, and electricity. Buyer must verify all info and conduct their own due diligence. Don’t miss this affordable opportunity to buy before the word gets out and developments start breaking ground.

  • Property Details
      • Lot DescriptionCorner Lot, Level
      • ViewNeighborhood
      • Pool1
    • Measurements
      • Acres0.3539
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricity Available, Propane, Sewer Not Available, Water Available
      • Sewer InformationSeptic Needed
  • Community and Neighborhood Details
      • SubdivisionImperial Valley Sec 01 Amd
    • Location
      • Elementary SchoolOak Meadows
      • School DistrictManor ISD
      • Middle SchoolDecker
      • CountyTravis
      • High SchoolManor
  • Financial Details
      • Original List Price$119,000
      • Taxes Annual$733
      • Days on Market (Cumulative)47
  • Other
      • MLS #2244808

Location

15 Agents Online Now
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Down Payment

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Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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