Investor's Dream in Oakmont Heights

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 lot. The front home, a charming and updated 2-bedroom, 1-bathroom bungalow, exudes character from its standing seam metal roof to the vintage hardwood floors. This home is a true gem, featuring a modern kitchen, a fenced yard, and many original features that add to its timeless appeal. Connected by a shared carport, the second home, constructed in 2003, boasts a spacious 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, 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. *both homes are currently leased, and advance showing notice and proof of funds or lender letter are required before showing W 38th St House: 952sf Built in 1949 2beds/1bath laundry closet modern kitchen restored vintage tile bath original doors and hardware wood floors quartz counters standing seam metal roof fenced front and side yard covered parking Oakmont Blvd House: 1023sf Year built 2003 2beds/1bath spacious living room standing seam metal roof fenced front and side yard covered parking .16acre corner lot  Austin ISD Bryker Woods Elementary O. Henry Middle  Austin High Restrictions