1108 Vasquez St Great investment opportunity in East Austin. The property has been renovated in recent years, offering updates while still leaving room for future value-add potential. Currently tenant-occupied and generating rental income, this home serves as an immediate income-producing property. The current lease is in place through June 2026 at $2, 300 per month. Tenant may vacate prior to lease expiration if property becomes owner-occupied. Situated on a functional lot, this property also offers potential for developers exploring a two-unit project (buyer to verify), making it appealing not only as a rental but also as a long-term land investment. The home includes a remodeled detached shed in the backyard, ready to be used as functional extra space, ideal for a studio, office, workshop, or creative flex area. Strategically located in the heart of East Austin, the property provides convenient access to downtown, major highways, the airport, and the area's vibrant dining, arts, and entertainment scene. Whether you're looking for a performing rental, a flexible-use property, or a lot with future development potential, 1108 Vasquez St offers versatility in one of Austin's fastest-growing neighborhoods.