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Browse More Listings in Multifamily For Sale, Austin, TX or Texas

Multifamily Property For Sale

1600 Pease

1600 Pease, Austin, TX 78703

Price:
$1,135,000
No. Units:
8
Building Size:
4,918 SF
Price/Unit:
$141,875
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.50%
Occupancy:
100%
No. Stories:
1
Year Built:
1949
Lot Size:
0.33 AC
Find Out More...

Last Verified 10/12/2009 Listing ID 15990884

Description

Central Austin single story 8 unit complex on large double lot in the most desireable neighborhood in Austin. Many options for new owner from continuing operations, condo conversion, or new development. Low taxes and tenants pay own electricity, gas, water/wastewater, and trash. Roof new in 2008. Long leaf pine wood floors in all units. No carpet anywhere. Central a/c

Just north of Enfield and East of MOPAC. Only 1 mile to state capital, UT and downtown.

Financial Summary

Unit Mix Information

Actual
Net Operating Income
$74,254

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
2BR	2	$1,350	850
1br	2	$900	450
1BR	2	$1,050	550
1BR	2	$1,100	600

Map of 1600 Pease, Austin, TX 78703 (Travis County)

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Presented by

512 Realty

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Contact Listing Broker

Alan Ware (512) 322-0512

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Created 11/16/2008

Additional Information for 1600 Pease Road, Austin, TX 78703

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Sold 3Q 2004
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Sold 1Q 2006

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 1600 Pease

1600 Pease, Austin, TX, 78703