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Elizabeth Brooks
Landmark Properties
o: 512.472.1477
m: 512.636-4166
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1011 Avondale, Austin, TX
$309,500
Elizabeth Brooks, Landmark Properties
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Three bedroom, two bath Travis Heights vintage home with income-producing studio apartment. Wood floors, tile baths, stone patio, storage, huge live oak trees. Apartment needs work but has treehouse charm and was recently rented for $525 a month, possibly under market. Square footage per appraiser: House, 1277; studio, 476. (Tax records include basement shown at 200 square feet.) Rental income at $525 a month supports about $100,000 of the principal and interest based on a 30 year mortgage mortgage at 5%! This makes the property somewhat comparable to those selling for $100,000 less!

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