2411 S 5th Street Austin, TX 78704
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 TypeCondo
- NeighborhoodSouthwood Annex
- CountyTravis
- Taxes$17,224
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive
- MLS ID Number9030055
- Home Size Source Public Records
- Year Built1960
- Lot Size0.3487 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Frame
- Parking GravelOn SiteOff StreetParking LotUnassigned
- Parking Spaces 10
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.3487
- Water Public
- Security None
- Property Sub Type Apartment
- Utilities Cable AvailableElectricity AvailableNatural Gas AvailableSewer Connected
- Foundation Slab
- Zoning MF-4
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating Natural Gas
- Flooring CarpetLaminate
- Laundry Features Washer HookupDryer Hookup
Exterior Features
- View City LightsTrees Woods
- Waterfront Property No
- Lot Flat
- Other Structures Storage
Community Features
- MLS Area 6
- Security Features None