Active
2411 S 5th ST
Austin TX, 78704
$1,750,000
$367.65 per sqft
Active
4,760 sqft
Commercial
Built in 1960
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.
9030055
MLSⓇ ID
March 10, 2024
Listed
May 9, 2024
Updated
Map
2411 S 5th ST
Austin TX, 78704
Interior Features
Total Stories
2
Floor Description
Carpet, Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.35 Acres
Sewer
Public Sewer
Other Property Details
Area Name
6
Taxes
$17,224
Tax Frequency
Annually
Garage
No
Parking
Gravel, Off Street, On Site, Parking Lot, Unassigned
View
Yes
View Description
City Lights, Trees/Woods
County
Travis
Water Source
Public
Pool
No
Courtesy of Berkshire Hathaway TX Realty
Listing Contact: (512) 483-6000
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.
Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). 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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Database last updated 12:40 AM UTC, 5/9/2024
