6507 Hergotz Ln INVESTOR SPECIAL WITH EXCEPTIONAL UPSIDE IN SOUTHEAST AUSTIN! Situated on a 6, 713-sq-ft lot, this 1940s bungalow offers approximately 650 sq ft of extensively renovated living space and exciting potential to create multiple income streams. Taken down to the studs, improvements include new electrical, plumbing, and water lines, a tankless water heater, insulation, drywall, an updated bathroom and flooring, new exterior siding, windows, and doors. Original hardwood floors preserve a touch of vintage charm. The real opportunity extends beyond the existing home! Explore the potential for a condo regime and a larger second residence at the rear of the property, creating a compelling live-in-one/rent-the-other strategy or the opportunity to generate rental income from two separate homes, subject to City approvals. Location is a major differentiator, with convenient access to Austin-Bergstrom International Airport, Downtown Austin, East Austin, and Lady Bird Lake's hike-and-bike trail. Most notably, the property sits adjacent to the planned Dog's Head development, an ambitious 2, 614-acre mixed-use district envisioned to bring housing, employment, retail, public open space, and miles of trails along the Colorado River. As this transformative project moves forward, investors have an opportunity to position themselves near a major planned growth area while exploring the potential to add a second residence and build long-term rental income. Whether you envision a dual-rental investment, an owner-occupied property with supplemental income, or a future development play, this is a unique opportunity to unlock value in an evolving corner of Austin. Buyer to independently verify zoning, condo regime eligibility, development feasibility, utilities, and all required City approvals.