2411 S 5th ST
Austin, TX, 78704
$1,750,000
Beds
0 Baths
4,760 SqFt
0.35 Acres
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.

Property Details

Price:
$1,750,000
MLS #:
9030055
Status:
Active
Beds:
0
Baths:
0
Address:
2411 S 5th ST
Type:
Commercial
Subtype:
Apartment
Subdivision:
Southwood Annex
City:
Austin
Listed Date:
Mar 10, 2024
State:
TX
Finished Sq Ft:
4,760
ZIP:
78704
Lot Size:
15,189 sqft / 0.35 acres (approx)
Year Built:
1960
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Interior

Cooling
Central Air
Flooring
Carpet, Laminate
Heating
Natural Gas

Exterior

Other Structures
Storage
Parking Features
Gravel, Off Street, On Site, Parking Lot, Unassigned

Financial

Buyer Agent Compensation
0.000%
Taxes
$17,224

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2411 S 5th ST
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