Rare opportunity in East Austin’s 78721 zip code featuring two standalone homes on one lot. This property offers multiple possibilities, whether as an income-producing rental, multi-generational living, or future condo regime conversion (buyer to verify). Unit A is a 3-bed, 2.5-bath, two-story home with 1,450 sq. ft. All bedrooms and two full baths are upstairs, with a spacious living area and half bath on the main level. Unit B is a single-story, 2-bed, 1-bath home with 813 sq. ft. Both homes were built in 2005 and are structurally sound, with an opportunity for value-add updates. Currently leased for a total of $4,000/month (Unit A: $2,150, Unit B: $1,850), this property provides immediate rental income. The neighboring home has been recently renovated and is operating as a short-term rental, highlighting potential in this high-demand area (buyer to verify STR regulations). Located minutes from downtown Austin, the University of Texas, and the Tesla Giga Factory, this property is within walking distance to Boggy Creek Greenbelt and offers quick access to major employers, dining, and entertainment. Property is in the FEMA 100-year floodplain but has never flooded. Buyer to verify all information, including zoning, rental regulations, and condo conversion feasibility. Contact the listing agent for more details or to schedule a showing.