2411 S 5th St , Austin, TX 78704
Austin, TX 78704
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.
Details
| MLS# | 9030055 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 212 |
| Listing Provided By | Berkshire Hathaway TX Realty | Allan Hanson |
Features
| SQ Feet | 4,760 |
|---|---|
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | MF-4 |
| Acreage | 0.35 |
| Water Front | Yes |
| Property View | City Lights, Trees, Woods |
Market Activity 78704
Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 8, 2024 at 12:21:13 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78704 |
| Area | 6 |
| Community Name | Southwood Annex |
| Listing VS Median (in Southwood Annex) | |
Price: $1,650,000 low | high Med: $0 On Site: 212 low | high Med: | |