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Palm Square 1402 E Saint Johns Ave 16 Unit Apartment Building $1,350,000 ($84,375/Unit) Austin, TX 78752
INVESTMENT HIGHLIGHTS
- Seller financing available for up to five years at a minimum interest rate of 5%.
- Established St. Johns neighborhood – Mature rental housing stock with growing investor interest and a steady base of workforce renters; St. Johns is r
- Palm Square is a 1960s garden-style community with 2 stories and 16 units, a classic value-add profile in a submarket where new supply is largely podi
- Central infill just off I-35 – Easy north–south connectivity plus quick access to Hwy 183 and 290, putting major employment nodes (Downtown, Domain, M
- 19-acre St. Johns mixed-use redevelopment nearby – The City of Austin and Greystar are moving forward with a major mixed-use, mixed-income project at
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
PROPERTY FACTS
| Price | $1,350,000 | Building Class | C |
| Price Per Unit | $84,375 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 12,560 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,350,000 |
| Price Per Unit | $84,375 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 12,560 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.55/1,000 SF |
AMENITIES
UNIT AMENITIES
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 750 |
| 2+2 | 4 | - | 1,000 |
1 1
PROPERTY TAXES
| Parcel Number | 228223 | Improvements Assessment | $1,360,904 |
| Land Assessment | $169,096 | Total Assessment | $1,530,000 |
PROPERTY TAXES
Parcel Number
228223
Land Assessment
$169,096
Improvements Assessment
$1,360,904
Total Assessment
$1,530,000
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Palm Square | 1402 E Saint Johns Ave
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