$425,000

Property Overview

This 1930s bungalow on Perez Street offers developers and visionary buyers a rare opportunity in a rapidly appreciating Austin neighborhood. Situated on a substantial 6,534-square-foot lot just three miles from downtown and UT, the two-bedroom, two-bath home presents multiple pathways to value creation. Whether restored as a charming period residence or redeveloped to accommodate multiple units, the property's location near the Mueller development and within walking distance of Morris Williams Golf Course positions it at the intersection of Austin's growth corridor and established community character.

The as-is condition means buyers assume responsibility for all structural and mechanical elements, making this ideal for experienced investors and builders who understand acquisition strategy in central Austin real estate. At $425,000, the property reflects the emerging potential of this transitional area while maintaining accessibility compared to fully renovated comparable homes. The fifteen-acre plot and proximity to transit-oriented development patterns make this a compelling play for those looking to participate in Austin's residential intensification along the Mueller corridor without the premium pricing of move-in-ready inventory.

Vox Residential Insight

Vox Residential recognizes this Perez Street acquisition as a classic value-add opportunity in a neighborhood experiencing significant infill activity and demographic shifts. For developers and savvy investors, the combination of lot size, location, and current pricing creates the type of acquisition scenario where Vox's market expertise and network prove invaluable in maximizing exit strategy options.

Agent Description

This charming 1930's bungalow is ripe with potential and is just 3 miles to downtown and UT, one mile to the Mueller development, and walking distance to Morris Williams Golf Course! Remodel it to make it your own, or use the .15-acre lot to make way for 2 units to generate rental income! The property is offered AS-IS, WHERE-IS, WITH ALL FAULTS. - Please exercise caution at the property.

Property Details

Listing data last updated: May 19, 2026

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