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2411 S 5th ST,  Austin TX, 78704

(Active)
$1,750,000
|
4,760 sqft
|
MLS# 9030055
Last Updated: 5/18/2024 3:13 AM
Description for 2411 S 5th ST Austin, TX 78704
Value Added Opportunity on a six unit apartment complex in the heart of Bouldin Creek. This six unit complex sits on a .349 acre tract with the engineering reports showing how an additional six units can be added to the tract to maximize the return for an investor. A full copy of the Architectural Feasibility Report can be requested under separate cover. Complex is currently leased with under market rental rates, so there is an upside for immediate increase in cash flow with the potential for value added increases in the future. With this outstanding location just blocks from the SoCo District and in the Bouldin Creek District, the opportunity to convert this complex to Short Term Corporate Rental for maximization of rental exists or to convert to Condominiums for sale of individual units. All facts to be confirmed by the buyer prior to closing.
Price
$1,750,000
Southwood Annex
Travis
4,760 (approx)
9030055
Active
Description
Value Added Opportunity on a six unit apartment complex in the heart of Bouldin Creek. This six unit complex sits on a .349 acre tract with the engineering reports showing how an additional six units can be added to the tract to maximize the return for an investor. A full copy of the Architectural Feasibility Report can be requested under separate cover. Complex is currently leased with under market rental rates, so there is an upside for immediate increase in cash flow with the potential for value added increases in the future. With this outstanding location just blocks from the SoCo District and in the Bouldin Creek District, the opportunity to convert this complex to Short Term Corporate Rental for maximization of rental exists or to convert to Condominiums for sale of individual units. All facts to be confirmed by the buyer prior to closing.
Listing Information
Property Type: Apartment, Business Opportunities, 2 Story
0.35 Acres 4,760 (approx) 1960
2 Fiber cement,Frame
Southwood Annex
Slab
Public
Public Sewer
Electricity Available, Natural Gas Available, Sewer Connected
Investment, Multi-Family, Residential
Neighborhood
Room Information
Interior Features
Laminate, Carpet
Central Air
Gas Heat
Exterior / Lot Features
10 Parking Spaces, Gravel, Off Street, On Site, Parking Lot, Unassigned
Frame, Fiber Cement
City, Trees/Woods
MF-4
Level
Driving Directions
From E Oltorf / IH 35, go west 1.6 miles then turn left at S 5th St. Drive 325 feet, building will be on your left.
Financial Considerations
04020404120000
$17,224
Cash, Conventional
Listing Price History

Austin Real Estate

Austin is located in Texas. Austin, Texas 78704 has a population of 986,248.

The median household income in Austin, Texas 78704 is $87,074. The median household income for the surrounding county is $83,177 compared to the national median of $66,222. The median age of people living in Austin 78704 is 36 years.

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Courtesy: Berkshire Hathaway TX Realty, (512) 483-6000
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS
This content last refreshed on 5/18/2024 3:13 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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