1201 Montopolis Drive, Austin, TX 78741

Rare East Austin infill: three individually platted cottage lots at 1201 Montopolis Dr with stamped architectural plans, approved subdivision and drainage, and demo complete. NOTE: Homes are NOT yet constructed — you are acquiring entitled land plus approved plan sets, saving 12+ months and six-figure soft costs versus raw land or a project-assessment route.

CURRENT ENTITLED PRODUCT (stamped bank set, Nov 2023)

Designed by Barron Custom Design for Comerford 360° Construction:

• Three cottage lots (Lots 1, 2, 3) totaling 13,759 SF (~0.32 AC) with 30' frontage each

• One narrow two-story townhouse per lot: 2,164 SF heated, 4 BR / 3.5 BA, attached garage, covered porches

• Total planned heated area: 6,492 SF across 3 permitted dwellings (12 bedrooms total)

• Zoning SF-3-NP · Montopolis Neighborhood Plan · Austin cottage-lot infill tool

DENSITY UPSIDE — TRIPLEX REPLAT CONCEPT (Barron Custom Design, Oct 2024)

A replat proposal on file consolidates the site into two HOME-eligible parcels supporting 2 triplexes (6 dwelling units total):

• Lot 1: 5,812 SF standard lot fronting Montopolis Dr

• Lot 2: 6,737 SF flag lot with recorded joint-use access driveway

• Each parcel meets the 5,750 SF minimum for three-unit residential under Austin HOME

Buyer can execute the entitled 3-unit cottage plan as-is, or pursue the replat for double the unit count — two exit paths on one acquisition.

LOCATION & MARKET

Montopolis / East Riverside corridor (78741) — minutes to downtown via Riverside / 71, ABIA, Oracle campus, Tesla Gigafactory, and McKinney Falls State Park. Census Tract 23.12 Opportunity Zone (confirm with tax advisor). Strong rental demand for 4-bedroom product — scarce in Austin's townhouse inventory.

KEY ADVANTAGES FOR BUYER

• Turnkey entitlement pipeline: plat, drainage, demo, and stamped plans in hand

• Aggressive land basis: $200,000 per cottage lot ($600,000 package · ~$44/SF)

• Cottage-lot layout: each unit on its own legal parcel with individual driveway access

• Replat upside: path to 6 units without acquiring additional land

• Lender ARV on completed 3-unit project: ~$2,850,000 (~$950,000/unit)

• Clean title · Qualified Opportunity Zone · Ideal for build-to-rent, build-to-sell, or hold

DOCUMENTS AVAILABLE

• Stamped construction set (site plan, floor plans, elevations, structural)

• Triplex replat site plan (Barron Custom Design AS100, Oct 2024)

• Preliminary plat exhibit and drainage plan

• Survey and title commitment

• Construction budget and lender pro forma upon request

Priced at $600,000 (package) · $200,000 per cottage lot

Contact listing agent for the full plan set and to schedule a site visit.

Seller financing may be available.

JV partnerships may be considered.