Auction - Bid Deadline: October 7
1 Unit Apartment Building | For Sale | Austin, TX 78704
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 4,082 SF
Listing Contacts
Stephen Madura
Verified Profile
Michael Kneifel
Verified Profile
- Property Info
Property Overview
Bankruptcy Sale: U.S. Bankruptcy Court Western District of Texas (Austin)
Case No. 23-10736-SMR | In re: SAL ATX, LLC.
Bid Deadline: October 7 by 5:00 p.m. (CT).
On-Site Inspections: By Appointment Only.
This single-family home, perched atop Lady Bird Lake, offers stunning views of Austin’s downtown skyline. The original house and additional structures on the property present opportunities for revitalization or redevelopment. Subject to approval from the city of Austin, there is value-add potential to construct a rooftop deck/balcony on the current structure to savor the waterfront views or redevelop the site entirely into a custom dream home.
Located on a peaceful cul-de-sac, the area features several historic homes from the 1920s and 1930s that have been meticulously renovated and exude charm and character, as well as modern, newly built homes. The site is also proximate to Norwood Dog Park, downtown Austin, Rainey Street, SoCo and Little Stacy Park, as well as top-tier restaurants, shopping, and nightlife, making it an ideal spot to work, live and play in Austin.
This site is located in Travis Heights, a neighborhood along the Austin Boardwalk. Known for its charming homes, this area offers a scenic sanctuary close to downtown Austin’s vibrant activities and renowned live music scene.
The property benefits from immediate access to major thoroughfares, including Interstate 35, Mopac Expressway (Loop 1), Highway 290 and Highway 183, providing easy connectivity throughout the city. With its strong road infrastructure and proximity to key areas, this offering provides the perfect blend of blend of convenience and serenity. Living in Travis Heights means contributing positively to the fabric of the Austin community, its expansion, and its appeal.
A Virtual Data Room has been assembled and contains important due diligence documents on the property. To access these documents, bidders must register at HRE’s website: https://bit.ly/3T9C1Qf
Case No. 23-10736-SMR | In re: SAL ATX, LLC.
Bid Deadline: October 7 by 5:00 p.m. (CT).
On-Site Inspections: By Appointment Only.
This single-family home, perched atop Lady Bird Lake, offers stunning views of Austin’s downtown skyline. The original house and additional structures on the property present opportunities for revitalization or redevelopment. Subject to approval from the city of Austin, there is value-add potential to construct a rooftop deck/balcony on the current structure to savor the waterfront views or redevelop the site entirely into a custom dream home.
Located on a peaceful cul-de-sac, the area features several historic homes from the 1920s and 1930s that have been meticulously renovated and exude charm and character, as well as modern, newly built homes. The site is also proximate to Norwood Dog Park, downtown Austin, Rainey Street, SoCo and Little Stacy Park, as well as top-tier restaurants, shopping, and nightlife, making it an ideal spot to work, live and play in Austin.
This site is located in Travis Heights, a neighborhood along the Austin Boardwalk. Known for its charming homes, this area offers a scenic sanctuary close to downtown Austin’s vibrant activities and renowned live music scene.
The property benefits from immediate access to major thoroughfares, including Interstate 35, Mopac Expressway (Loop 1), Highway 290 and Highway 183, providing easy connectivity throughout the city. With its strong road infrastructure and proximity to key areas, this offering provides the perfect blend of blend of convenience and serenity. Living in Travis Heights means contributing positively to the fabric of the Austin community, its expansion, and its appeal.
A Virtual Data Room has been assembled and contains important due diligence documents on the property. To access these documents, bidders must register at HRE’s website: https://bit.ly/3T9C1Qf
Property Details
- Class
- C
- Year Built
- 1920
- Stories
- 2
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 11,326 SF
- Units
- 1
Highlights
- 903 Edgecliff Terrace is a single-family home located spanning 4,082± SF on a 0.26± AC lot zoned SF-3-NP.
- Redevelopment opportunity with a highly desirable location, the ideal site for a custom home or unique lakeside retreat.
- Located along a private street with a cul-de-sac directly across from the Colorado River with views of downtown Austin.
- Travis Heights is a prestigious & affluent neighborhood with an average home value of around $1.3 million and an average household income of $138k.
- Convenient access, 0.5 miles to Interstate 35, 1.5 miles to downtown Austin, 3 miles to MoPac Expressway or Highway 290 & 7 miles to Toll Road 183.
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