5608 Hudson St, Austin, TX

Discover the exceptional potential of 5608 Hudson Street—and don't miss the opportunity to pair it with its neighboring lot at 5610 Hudson Street, creating the perfect small development project to build up to 6 units! Both lots are 0.2+ acre each. Situated in the vibrant heart of Central East Austin's sought-after 78721 ZIP code, this property is a rare gem. Under the new HOME code, you can build three dwelling units per lot, each approximately 1,900 square feet, with projected ARVs ranging from $750K to $775K per unit. Whether you’re an investor or developer, the profit potential is incredibly enticing. Build all six units, sell for top dollar, or keep a unit for yourself and leverage rental income from the others! This is your chance to capitalize on Austin's thriving market and establish a prime foothold in this rapidly evolving neighborhood. The existing bungalow on 5608 Hudson provides an option to preserve its nostalgic charm or start fresh with modern construction. This property is not builder-restricted, giving you complete freedom to bring your vision to life. For those seeking guidance, the agent can provide builder referrals and bids to streamline your project. Adding even more appeal, a new development plan for Hudson Street has been approved, promising enhanced sidewalks and inviting streetscapes that will elevate the community atmosphere for years to come. See attached article. C https://www.austinmonitor.com/stories/2022/06/planning-commission-supports-first-phase-of-east-austin-development/ Don’t miss this unparalleled opportunity to create a bespoke residential development in one of Austin’s most dynamic and desirable areas. Contact the agent today to unlock the potential of this prime East Austin location! Survey available. Buyer to complete all due diligence. Contact the agent for more details and walk the lot with the new construction specialist agent!