$585,000

Introducing an exceptional property with tremendous potential for development, ideally situated in the highly sought-after East Austin area. This prime location offers a remarkable opportunity for those seeking a medium-term rental investment. Boasting a unique feature of backing directly onto a park, this property provides a tranquil and scenic backdrop for future residents to enjoy. The property is zoned SF3, allowing for versatile land use and offering flexibility in construction and development plans. The current structure on the property is a charming home featuring one bedroom, one bathroom, and has been updated with modern finishes. The interior showcases high ceilings, abundant natural light, and a spacious living area, creating an inviting and comfortable atmosphere. While the existing structure has been well-maintained and tastefully updated, the true value of this property lies in the opportunity to reimagine and transform the space to suit your vision. The structure on the parkside of the property is considered a tear-down, providing the chance to design and build a brand-new dwelling that maximizes the park views and takes full advantage of the remarkable location. Whether you are an investor looking to capitalize on the thriving rental market in East Austin or a developer seeking a prime canvas to create a remarkable residential space, this property offers immense potential. With its great development opportunity, medium-term rental potential, parkside location, and sf3 zoning, it is a rare find in this highly sought-after neighborhood.