$320,000

Property Overview

Minnie Drive presents a compelling income-generating opportunity just two blocks from Lake Austin's public boat ramp and the thriving Lake Austin Spa district. This 2,100 square foot manufactured home on over a third of an acre currently generates $2,000 monthly in residential rental income, while additional boat storage spaces on the property command $300+ per month each. The flexible lot layout accommodates multiple revenue streams, making this an attractive acquisition for investors seeking Austin properties with established cash flow potential.

The Austin real estate market increasingly values multi-use residential properties, and this location bridges the gap between neighborhood stability and waterfront proximity without premium pricing. Situated below Steiner Ranch in a growing area, the property offers operational income that justifies its $320,000 price point while maintaining upside potential as the surrounding community develops. The 2 bed/2 bath layout provides straightforward management, whether maintaining current rental operations or repositioning the asset.

Vox Residential Insight

This Minnie Drive property stands out in Austin's current market because it delivers immediate cash flow through established tenancy and ancillary income, which is increasingly valuable as interest rates remain elevated. We view properties like this as rare finds that combine location appeal near Lake Austin amenities with the practical income fundamentals investors are actively seeking right now.

Agent Description

Excellent investment opportunity in neighborhood below Steiner Ranch with an existing manufactured home that recently rented for $2K/month, and several boat storage spaces that are currently rented for $300+ per space. Two blocks from Lake Austin Spa and the public boat ramp to Lake Austin.

Property Details

Listing data last updated: July 16, 2026

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