616 Monroe is a modern urban compound in the heart of Bouldin Creek and is located within walking distance of some of Austin’s best eateries and parks. The property affords a multitude of opportunities for the creative entrepreneur. The home consists of two partial steel-frame structures connected by a glass bridge. It offers a multitude of uses as an ideal STR candidate, furnished corporate rental, or a potential front-house / back-house setup with minimal modifications. The home was constructed using commercial-grade materials and includes 6 bedrooms plus an office (could be a 7th bed), 5.5 bathrooms, multiple balconies and patios, an attached garage, and a custom steel carport wrapped in solar panels. The home has two living spaces; one in the front and one in the back, a large island kitchen with ample natural light, and a second kitchenette that could be converted to a second full kitchen (ask to see plans). The home’s 24 kW solar array combines with super high-efficiency mini-split HVAC systems and LED lighting. Walls of floor-to-ceiling glass allow light to flood into the floating steel staircases with treetop views. Solid American oak floors run throughout the second-floor living spaces and polished concrete resides on the lower level. Bathrooms are wrapped in imported Turkish tile and most baths are en-suite. A floor plan is available upon request. The flexible layout consists of a 3-3 in the front house and a 3-2.5 + office in the rear home (each three stories). The property currently serves as a furnished corporate rental with 6 bedrooms plus an office. Inquire for Air BNB revenue potential and comps in the area grossing up to $300,000+ in annual rental revenue. Nearby STR’s of comparable size average $1,500 - $2,000 per night. Live in the heart of Bouldin Creek and walk to Elizabeth Street Café, Lenoir, and Polvo’s, or bike to the Town Lake Trail and Zilker Park.
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