1717 E 32 ST, Austin TX 78722

Truly one of a kind property on .24 ac lot in the heart of French Place/ Cherrywood in walking distance UT Law School! This home is nestled under a canopy of lush landscaping w a huge front porch w retro iron trellis work! Live in the vintage 1950's 3/1 cottage w gorgeous original hardwood floors, clawfoot tub, casement windows, rounded archways & oversized sleek back deck while you have 3 other rentable areas that bring in income that could offset a huge chunk of your mortgage payment! In total all 4 beautiful areas have separate entrances and are currently rented for $5150 month but several have long term tenants and are under market value. All leases end at the end of September but they are all wanting to renew. We will leave that up to the buyer. Rent potential is closer to $6450. The character and thoughtfulness to preserve the original features while providing updated modern charm is unbelievable. The alternate living spaces feature sleeping lofts w custom wood ladders, vaulted ceilings, french doors, built in bookcases & wood clad windows! Lot is 75front/79back/155right/130left so many development options! Walk/Bike to UT, Law School, the Drag, 3 min to DT Austin, Ladybird Lake Hike & Bike Trails, Hoovers, Haymaker, Este & tons of yummy coffee shops & restaurants! One of the best streets in the highly coveted French Place/Cherrywood neighborhood as its peaceful & quiet. Super low 1.9 tax rate plus the rental income make this the most affordable and uniquely cool properties you will come across! 5% cap rate w potential of 6.3% cap w up to date rents. There are also air B&B opportunities or you can combine the areas to accommodate a larger house. Owner agent, all sqft estimated & to be verified by buyer. All appliances convey!