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1911 Lightsey Rd 5 Unit Apartment Building $1,700,000 ($340,000/Unit) 6.67% Cap Rate Austin, TX 78704
Investment Highlights
- Located in 78704 close to everything to do in Austin.
Executive Summary
5-unit apartment building in highly desirable 78704! All five units are 2-bedroom, 1.5-bath townhomes and are currently leased, with staggered lease expiration dates. Each unit features the same floor plan with recent updates, although finishes and improvements vary slightly by unit. All units include a refrigerator, washer, dryer, and other appliances. Each unit also offers a private outdoor space, including a small backyard and/or patio; sizes vary. Excellent investment opportunity in the heart of 78704 with potential for increased rental income. Buyer to verify eligibility and restrictions for short-term rental use.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,700,000 | Building Class | C |
| Price Per Unit | $340,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,500 SF |
| Cap Rate | 6.67% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | MF-2 | ||
| Price | $1,700,000 |
| Price Per Unit | $340,000 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2020 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | MF-2 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Carpet
- Wi-Fi
- Yard
- Deck
- Island Kitchen
- Linen Closet
- Pantry
- Patio
- Window Coverings
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 5,510 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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Contact the Sale Advisor
1911 Lightsey Rd