5005 Lynnwood St, Austin, TX

Located in the heart of the highly sought-after Rosedale neighborhood, 5005 Lynnwood Street presents an exceptional investment opportunity with a beautifully remodeled 1965-built fourplex offering timeless design and modern finishes. This classic multi-family property features townhouse-style apartments, with Units A-C each offering 2 bedrooms and 1 bath (899 SF), while Unit D stands out with 2 bedrooms, 1.5 baths (1053 SF), a private balcony off the master bedroom, and a back patio, ensuring spacious and comfortable living arrangements with dedicated outdoor spaces. Recently updated with high-end design, these units are turnkey for an investor, minimizing upfront costs while maximizing rental potential. Zoned MF-3 for medium density, the expansive 9,000+ SQFT lot allows for future redevelopment, expansion, or a value-add strategy, making it a prime option for investors and developers looking to unlock its full potential. Whether considering condominium conversion for individual sales, maintaining it as a high-performing rental property, or exploring multi-use strategies, this property offers unparalleled flexibility. With no rental restrictions, this asset presents multiple income streams, from short-term to mid-term and long-term rentals, optimizing cash flow and investment returns. Currently, Units B and C are generating $2,250 and $3,000 per month as mid-term rentals, while Units A and D remain vacant for showings, allowing buyers to strategize their own leasing approach. Situated in a prime location, residents enjoy close proximity to Austin’s best restaurants, boutique shopping, lush parks, and the vibrant city center, making it highly attractive to tenants seeking urban convenience in a charming neighborhood setting. This is a rare opportunity to secure a valuable piece of Austin real estate in one of the city's most desirable areas. Don’t miss out—schedule your private showing today! Schedule a Private Showing