About 2502 Colby Cove
As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verify. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.
Features of 2502 Colby Cove
| MLS® # | 8080592 |
|---|---|
| Price | $430,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,459 |
| Acres | 0.42 |
| Year Built | 1964 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active Under Contract |
Community Information
| Address | 2502 Colby Cove |
|---|---|
| Area | 3 |
| Subdivision | University Hills West |
| City | Austin |
| County | Travis |
| State | TX |
| Zip Code | 78723 |
Amenities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Features | None |
| Parking | Attached, Garage Faces Front, Garage |
| Garage Spaces | 2 |
| View | Creek/Stream |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior | See Remarks |
|---|---|
| Appliances | Dishwasher, Disposal, Microwave, Free-Standing Refrigerator |
| Heating | Central |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Family Room |
| # of Stories | 1 |
| Stories | One |
| Master On Main | Yes |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Back Yard, Front Yard, Few Trees |
| Roof | Composition, Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Austin ISD |
|---|---|
| Elementary | Andrews |
| Middle | Pearce Middle |
| High | Lyndon B Johnson (Austin ISD) |
Additional Information
| Date Listed | May 2nd, 2024 |
|---|---|
| Days on Market | 19 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Fine Properties |
|---|---|
| Contact Info | (512) 764-3667 |