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. The existing loan at 4.25% is assumable according to the seller. 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.

Features
: Natural Gas
: Central Air
: Trees/woods, City Lights
: Appliances
: Carpet, Laminate
: On Site, Off Street, Gravel, Parking Lot, Unassigned
: Public Sewer
: Electricity Available, Above Ground, Natural Gas Available, Internet-cable, Sewer Connected
Address Map
US
TX
Travis
Austin
78704
2411 S 5th ST, Austin TX 78704
0
W98° 14' 8.7''
N30° 14' 34.7''
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.
Southwood Annex
MLS Addon
Berkshire Hathaway TX Realty
Allan Hanson
: Frame, Hardiplank Type
: Slab
531479
027201
1
: Storage
: Standard
2
$17,224
: Public

Commercial Sale For Sale

2411 S 5th ST, Austin TX 78704, Austin, Texas 78704

15,189.40 Sqft
$1,750,000
Listing ID #9030055
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 9030055
Price : $1,750,000
Year Built : 1960
Lot Area : 15,189.40 Sqft
Building Area : 4,760 Sqft
Status : Active
Property SubType : Apartment