1808 Forest Hill DR, Austin TX 78745

Property Description

$25K Price Improvement! Urban dwellers dream, unique investment opportunity or BOTH in the heart of tree-lined pocket neighborhood Banister Acres/Southwood, fast becoming the next hot spot for central living! Two artistically inspired homes on a huge lot that can be lived in separately as they are now, or connected by one large outdoor gathering space (w/simple removal of fence. The front home is a 3-1 ranch-style bungalow with a warm mid-century appeal. The 1-1 is a Erica Heroy signature architectural space that offers a true sense of zen while inspiring creativity with its large open space, cool loft bedroom and lots of storage space. Live in one and rent out the other full time or STR with great rental demand for the area given proximity to 78704 and downtown yet much more affordable. 3/1 projected rents at $1900-$2k per mth and 1-1 projected rents at $1700 per mth. OR live in one and STR the other and easily double the daily revenue after expenses! Collectively this property provide amazing flexibility for many lifestyles. Seeking a cozy family home with an inspiring studio/office straight out of Dwell magazine? Or a cool home with a gorgeous ADU for guests, work or to Air bnb? Want own property and have 1/3-1/2 of your payment covered by a renter? How about a property that supports generational living needs with a 3br home in front and a loved one living in a separate 1-1? 1808 Forest Hill covers them all and more! 1,832 Total sq ft • 7k+ sq foot lot • ADU featured in magazines and built in 2018 • New interior paint at ADU • Added stove/backsplash at ADU in 2024 • New tankless water heater in ADU • Pre-wired for Surround Sound at ADU • New Interior paint on both • Foors on front house in 2023 • Roof replacement in 2021 on front house • Windows in 2017 at front house • Updated electric in 2017 • Updated PVC Drain Lines on front house 2023 • 10 mins to ABIA, Zilker Park/Barton Springs, downtown • Minutes to Central Market, Juiceland, SOCO, SOLA.