Stumbled Onto A Really Cute Area in East Austin...

General Real Estate Investing
1

I haven’t spent much time in East Austin, as conventional wisdom says that it’s slummy.

By accident, I happened to cross over (north) of Manor St., at around 38th or 39th.

THERE ARE SOME REALLY CUTE AREAS IN THERE! Lots of ex-hippies with older Volvos and white picket fences. Similar to the Hyde Park area… but actually, less trash/junkers mixed in. (Unfortunately).

Also, pretty pricey, too. I didn’t see many for sale signs, but it seems like the avg. is around 180K or more. It’s funny because if you go a block or two south of Manor, you’re in the " 'hood. "

  • Adam.
2

AK,
Where’s our update on this? Was this just an “ah-ha” or just being nice and sharing or…?

Are you pursuing props over there?

3

Just getting more familar with different area. Everything you hear is “Don’t buy in E. Austin,” from retail buyers and realtors.

I was surprised how nice the area was considering

  • It was in E. Austin.

  • The stuff just a few streets south of Manor is grungy.

No deals there. Almost had one, but slipped through my fingers.

4

Its called French Place. During the boom, it was lovingly nicknamed “East Hyde Park” (similar to the 35/Riverside/Parker Ln/Oltorf neighborhood which is known as “East Travis Hts”). During the early/mid 90’s, FP became a popular rehab area for UT rentals. Then, during the boom, the prices shot up, more OOs.

Watch out for: foundation work, 100yr flood plain, props that back to the train tracks.