ActiveResidential · sale

3116 Prado

Austin, TX 78702

$1,290,000

  • 5 beds
  • 4 baths
  • 1,833 sq ft
  • 0.15 acres
  • Built 1982

Listed by Keller Williams Realty · MLS #ACT8551063

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1982.

Garage parking

1 garage spaces listed.

Property size

0.15 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Owner/Agent. Rare opportunity for dual residences. So many options here. Just 2 houses off of Tillery St and a thriving neighborhood commercial zone, this location offers the best of both worlds for a home business and residence. The two homes are craftsman/mid century in design. It's a stand out property with a cozy but modern feel, unique in every way from anything else in the surrounding area. The front house, Unit #1, was remodeled from the studs in 2019 and has been rented out mostly as monthly Airbnb rental since. Unit #2 is a newly constructed home that has just received its certificate of occupancy. Both houses have accessory rooms that have private entrances so there is a lot of potential for uses. Must see to appreciate! Unit #1 is a 3 bedroom/2 bathroom home with one suite that has its own private exterior entrance as well as a hall entrance to the rest of the home. Unit #2 has two entrances. One accesses the main floor and the primary entrance. The other is intended for the upstairs suite. The two floors can be separated by hallway door which is a great option for STR, guests and family. Unit #2 has insulated deep garage with EV Charger. Each house has its own parking with two driveways. Where in East Austin do you have this much parking? Permitted but expired plans to expand #1 and do a minor rework on the floor plan. Plans also were to add another unit in the future to the back on #1 and put in a 2nd story #3. Please see documents for additional information. All work to date has been permitted through the City of Austin. Units have separate utilities and are set up to be condo'd. The owner would prefer to sell this sweet property to one owner although set it up so that it can be split.

THE NEIGHBORHOOD

Explore the location.

3116 Prado, Austin, TX 78702

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1982
Full baths
4
Half baths
0
Garage spaces
1
Cooling
Central Air, Electric, ENERGY STAR Qualified Equipment
Heating
Central, Natural Gas
Appliances
Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Range, Ice Maker, Microwave, Double Oven, Free-Standing Gas Range, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer/Dryer Stacked, Tankless Water Heater
Flooring
Vinyl
Fencing
Partial
Accessibility
Accessible Doors, Accessible Entrance, Accessible Hallway(s), Safe Emergency Egress from Home, Visitable
Pool features
None
Subdivision
Chernosky 12
Parcel
02041303140000
Elementary school
Govalle
Middle school
Martin
High school
Eastside Early College
Annual property tax
$13,609.10

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,375.00
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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3116 Prado, Austin, TX 78702 · MLS #ACT8551063

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Listing information

MLS #ACT8551063 · Austin Board of Realtors

Listing brokerage: Keller Williams Realty
Listing agent: Denise Lewis

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.