Austin, TX 78723 5408 Overbrook Dr

Incredible investment opportunity on an oversized 0.21-acre lot with the flexibility to expand! This property features a charming mid-century, single-story brick cottage at the front of the lot. With a vertical lot shape, there's an ideal opportunity to reside in the existing home while you develop at the rear portion. Conveniently, the lot is already equipped with two fenced yards, and plans for an ADU and extension to the current home are readily available (permits have expired). The existing property has thoughtful features including 3 Elfa closets, 2 outbuildings, and established landscaping with mature trees and Xeriscaping. It has also undergone over $95k in recent repairs, providing the new owner with confidence while planning future construction. Recent upgrades include a new HVAC system, plumbing, bathroom with Kohler fixtures, roof, foundation with a lifetime warranty, bamboo floors, interior/exterior paint, stainless steel appliances, and an app-controlled garage door system—all completed in 2024. Additionally, the home features custom kitchen soft-close cabinets, a new water heater, and interior shutters with lifetime warranties, all installed in 2020. The prime location places you just one block from public transportation with a direct route to UT. You're also only a mile from Bartholomew Park, the AIA-awarded HEB, JuiceLand, and Torchy’s. Just 1.5 miles away is Mueller, offering access to lakes, trails, restaurants, coffee shops, the Thinkery, a cinema, and two yoga studios. Furthermore, you're 2 to 2.5 miles from Dell Children’s Hospital, Home Depot, Sprouts, PetSmart, and Target. Come check it out today and begin dreaming of the remarkable opportunity this property could bring!