1717 E 32nd 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. 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! 4.6% cash on cash 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. Leases all end Sept 30th. All appliances convey!