4127 E 12th ST
Austin, TX, 78721
$5,400,000
Beds
0 Baths
1,444 SqFt
0.57 Acres
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Introducing an exciting investment opportunity in the up-and-coming East Austin area!
Springdale Commons is the latest development from Austin’s premier green builder, Fortunate Foundations. Consisting of eight
units, this unique complex is perfectly positioned to capitalize on the area’s growth and potential. Expected completion date August
2023.
Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residents
alike. With its vibrant arts scene, trendy restaurants, and proximity to downtown, East Austin is quickly becoming one of the most
sought-after neighborhoods in the city.
The complex itself boasts 8 energy-efficient units across 3 buildings enveloped in continuous thermal and noise-insulating foam.
These modern, eco-friendly features not only provide residents with a comfortable and tranquil living experience but also contribute
to reduced energy costs and a smaller carbon footprint.
One of the unique advantages of this property is its commercial zoning, allowing for the allocation of two units specifically
designated for short-term rentals (STRs). With the increasing popularity of Austin as a tourist destination, STRs present an excellent
opportunity to maximize your investment returns. Buyer to verify.
As you evaluate the financials, rest assured that this property offers a competitive Cap Rate of 4.6% and an impressive ProForma Cap
Rate of 5.8%. Perform a thorough analysis of the projected rental income from long-term leases, as well as the potential income
from the designated STR units.
Don’t miss your chance to be part of the East Austin growth story. This multi-family complex presents an ideal blend of location,
energy efficiency, and investment potential. Contact us today to secure your place in this thriving community and start reaping the
benefits of this exceptional opportunity.

Property Details

Price:
$5,400,000
MLS #:
9392592
Status:
Active
Beds:
0
Baths:
0
Address:
4127 E 12th ST
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Springdale Commons
City:
Austin
Listed Date:
Jul 12, 2023
State:
TX
Finished Sq Ft:
1,444
ZIP:
78721
Lot Size:
25,017 sqft / 0.57 acres (approx)
Year Built:
2023
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Schools

Interior

Cooling
Central Air
Flooring
Carpet, Tile, Wood
Heating
Central

Exterior

Construction Materials
Concrete, Frame, Glass, Hardi Plank Type
Other Structures
None
Parking Features
Covered, Open

Financial

Buyer Agent Compensation
1.500%
Taxes
$56,029

Map

Community

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4127 E 12th ST
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