TX > Austin > Southwood Annex
Austin, TX 78704,2411 S 5th ST
Austin, TX 78704,2411 S 5th ST
Austin, TX 78704,2411 S 5th ST
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$1,650,000
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4,760 SqFt
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2411 S 5th ST Austin, TX 78704

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Michael Berryman

Michael Berryman

+1(512) 914-0069

UPDATED:

06/28/2024 07:34 PM

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,760 sqft

Price per Sqft $346

Subdivision Southwood Annex

MLS Listing ID 9030055

Originating Board actris

Year Built 1960

Annual Tax Amount $17,224

Tax Year 2023

Lot Size 0.349 Acres

Acres 0.3487

Property Description

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.

Location

State TX

County Travis

Zoning MF-4

Interior

Heating Natural Gas

Cooling Central Air

Flooring Carpet, Laminate

Fireplace No

Exterior

Utilities Available Above Ground, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected

Waterfront No

View City Lights, Trees/Woods

Parking Type Gravel, Off Street, On Site, Parking Lot, Unassigned

Total Parking Spaces 10

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Frame,HardiPlank Type

New Construction No

Others

Special Listing Condition Standard

Listed by Berkshire Hathaway TX Realty

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Michael Berryman

Agent | License ID: 801638

+1(512) 914-0069

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2411 S 5th ST