913 Valdez ST # B, Austin TX 78741

Description

Tucked away on a quiet, tree-lined street in the heart of East Austin’s rapidly growing Riverside Corridor, 913 Valdez Units A & B present an attractive entry point for an investor or small developer seeking both immediate income and future upside. This unique property features two detached residences with no shared walls and no HOA, offering flexibility in use and exit strategies. The property includes an income-producing unit already in place (Unit B), a well-appointed 2-bedroom, 2-bath residence currently leased to a reliable tenant at $2,400/month, delivering immediate and consistent cash flow. The tenant has expressed interest in renewing, providing stability from day one. Unit A offers value-add potential and flexibility, featuring 3 bedrooms and 2.5 baths with an open-concept layout designed for modern living. The spacious kitchen flows seamlessly into the main living area, while the upstairs primary suite includes a walk-in shower and private balcony. Built with energy efficiency in mind, the home includes spray-in foam insulation and a tankless gas water heater—features that appeal to both end users and renters alike. Ideal for multiple strategies, investors can continue leasing both units, live in Unit A while maintaining rental income from Unit B, or explore short-term rental opportunities. The configuration and zoning provide optionality that is increasingly rare in this submarket. Located just 7–10 minutes from Downtown Austin and Austin-Bergstrom International Airport, with easy access to I-35, Hwy 183, and Hwy 71, the property sits near major employment hubs including Tesla and Oracle. Additionally, it is positioned near the transformative 109-acre River Park mixed-use development at East Riverside and Pleasant Valley, further supporting long-term appreciation potential.