6407 cannonleague dr, austin, TX 78745

This listing is NOT a foreclosure. Discover an exceptional opportunity where potential meets prime location, offering a versatile canvas fo investors and homeowners alike. This property, zoned SF3 on a generous quarter-acre lot near the prominent intersection of William Cannon and Manchaca, presents a rare chance to capitalize on Austin's dynamic real estate market. The existing home, a well-maintained 3-bedroom, 2-bathroom residence spanning two stories and 1296 square feet, is in good condition, ensuring a smooth appraisal and financing process. Its rental income potential exceeds $2000 per month, making it an attractive asset from day one. The recent 2024 installation of 30-year dimensional roof shingles provides peace of mind and long-term durability. The expansive lot opens doors to various development possibilities, including adding income-producing rental units, subdividing into multiple single lots, or creating a condo regime, mirroring successful projects in the immediate vicinity where similar homes commanded prices between $600,000 and $700,000. While the current floor plan offers unique charm, there is ample space to enhance its functionality by adding a half-bath dow...

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nstairs, potentially utilizing existing garage space or the area beneath the stairs. This property is more than a home; it's a strategic investment in a thriving Austin neighborhood, poised for significant growth and offering endless possibilities for custom development or a comfortable living experience.This MLS Resale home is a single family home located in AUSTIN. It offers 0.25 acres in size, 3 beds and 2 baths. Review its detailed information and determine if this AUSTIN MLS Resale has the qualities you are looking for.  

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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.