2411 S 5th ST Active Save Request In-Person Tour Request Virtual Tour
Austin,TX 78704
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $346
Subdivision Southwood Annex
MLS Listing ID 9030055
Originating Board actris
Year Built 1960
Annual Tax Amount $17,224
Tax Year 2023
Lot Size 0.349 Acres
Property 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.
Location
State TX
County Travis
Zoning MF-4
Interior
Heating Natural Gas
Cooling Central Air
Flooring Carpet,Laminate
Fireplace N
Exterior
Utilities Available Above Ground,Electricity Available,High Speed Internet,Natural Gas Available,Sewer Connected
View City Lights,Trees/Woods
Accessibility None
Total Parking Spaces 10
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame,HardiPlank Type
New Construction No
Others
Restrictions None
Acceptable Financing Cash,Conventional
Tax Rate 1.8092
Listing Terms Cash,Conventional
Special Listing Condition Standard