1901 W 38th ST # 2, Austin TX 78731

Welcome to the heart of Oakmont Heights, where an exceptional opportunity awaits. Situated in this sought-after central neighborhood, this property presents not one but two captivating homes on a single expansive corner lot. The front home, a charming and updated 952sf 2-bedroom, 1-bathroom bungalow, exudes character from its standing seam metal roof to the vintage tile bathroom and hardwood floors. This home is a true gem, built in 1949, featuring a modern kitchen, a fenced yard, and many original features that add to its timeless appeal. Connected by a shared double carport, the second home, constructed in 2003, offers a 1023sf 2-bedroom, 1-bathroom floor plan with a spacious living room, standing seam metal roof, and a fenced yard. This property offers a plethora of mixed-use possibilities. Envision the potential – dual rental income, an income-generating back house with primary occupancy in the front house, short-term rental opportunities, or even a development prospect with a condo regime and multiple units on the deep corner lot with alley access, further enhancing the property’s diverse potential. With its unbeatable location, residents can conveniently walk to trendy restaurants such as Tiny Boxwoods, Carve, or Verdad and explore retail options at The Grove, Jefferson Square, or Kerbey Lane Village. The convenience and desirability of this location make it an exceptional investment opportunity. Seize this rare chance to own a property with diverse appeal and unlock its full potential.