East Austin unicorn property is two amazing income opportunities in one

911 E. 13th St.
Austin, TX 78702

Neighborhood: Swede Hill
Style: Craftsman Revival
Square footage: 3,629
Beds: 7
Baths: 5
Price: $2,395,000

The low down: Passive income is a dream, especially for Austin’s young, tech-savvy residents who are ready to jump on this unicorn property in East Austin that’s currently operating as a top-performing short-term rental.

The property includes a gorgeous home, guest apartment, and casita, which offers the incredible opportunity to owner-occupy and run a thriving vacation rental business, with detailed systems and future bookings already in place.

Constructed in 2006 by a custom home builder as his personal residence, the three-story main house features five bedrooms and three full bathrooms, three separate living spaces, a private primary bedroom terrace, and a third-floor covered patio with incredible downtown views.

You’re very close to downtown Austin and the Capitol, located on a sprawling, .232-acre lot nestled amongst shade trees that offers a sense of quiet serenity.

Inside the main home, spot thoughtful touches, beautiful wood trim, Sucupira Brazilian wood floors and design details salvaged from original Craftsman homes throughout.

Enjoy a chef’s kitchen with built-in commercial refrigerator, Thor double-oven gas range, a wine fridge, and Bosch dishwasher.

The garage apartment is one-bedroom, one-bathroom, while the studio casita comes with its own full bathroom. Alley access for the garage apartment allows for separate entrances to each, making for an extremely flexible configuration in terms of rental strategy and/or owner-occupancy.

You can live in the garage apartment and run a thriving on-site Airbnb business, or rent one unit long-term for income stability and the other short-term for maximum revenue potential. Another possibility is to operate two separate STRs, or live in the main home and enjoy a separate space for your guests or family.

Prospective buyers have the opportunity to inherit the extremely robust systems “playbook,” which lays out detailed, step-by-step processes for inspections, maintenance, cleaning, guest communications, revenue management, accounting, and more.

The sellers are also willing to offer training to buyer on systems and processes, and provide gross rents and net data upon request.

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This home is on the market with Brooke Roeder of Compass. Click here to see more photos, details, and to contact the agent.

Open houses are scheduled for Saturday, July 22, from 12-3 pm and Sunday, July 23, from 1-4 pm.