Winkler & Company Realtors, Menley Group Logo
Description Open House Details Location Market Trends Schools
$1,650,000 Est. $6,076 / mo.*

2411 S 5th Street Austin , TX 78704

Property listed by Berkshire Hathaway TX Realty 512-483-6000 {attribution_contact}

Description

4,760 Sqft
15,189 Sqft lot
0.35 Acre lot
Status: Active
Property Type: Apartment
Year Built: 1960
Days on Website: 234
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.

Open House

Property Details and Features

Building
2 total stories
Built in 1960
4760 total building sqft
Appliances
NoLoading
Frame
HardiplankType
Expenses
Operating Expense:
$17,460
Floors
Carpet
Laminate
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Contact an Agent

Winkler & Company Realtors, Menley Group

512-281-3336

Location

$1,650,000 -
2411 S 5th Street Austin , TX 78704
County: Travis

Street View

Nearby Schools

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