5004 Lark Cv

Property description

Offered for sale is a .195-acre buildable lot with no tree issues, in a neighborhood surrounded by new construction and bustling revitalization. This lot offers a unique opportunity in Austin to build 1-3 units per the new city of Austin's new "Home Phase One Amendments". Situated on Richmond Ave, this property sits on a lot size of 8,527 square feet. This location offers a versatile option for those looking to invest or build in the area. The seller has three contiguous lots for sale as three separate listings, providing expanded possibilities for development. The interior of the existing building is currently tenant occupied. Buyers have the flexibility to have the seller give a 30-day notice to the tenants, or choose to close with the tenants in place to collect rent while plans and permits are approved with the city. The existing structure is a duplex featuring two units with two bedrooms and one bath and 720 square feet of living area per unit. Prospective buyers can coordinate with the listing agent regarding tenant notification requirements and explore the options available for this multi-lot offering. Buyer to verify all permitting and zoning requirements/restrictions independently and shall not rely on seller for guidance!