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2103 Nueces St
Austin, TX 78705
Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- ±0.19-acre redevelopment opportunity for multifamily or student housing.
- Streamlined access to major roadways, including Interstate 35, MoPac Expressway (Loop 1), Highway 183 & Highway 290.
- Average annual HH income is $158,883, and the number of households is projected to grow yearly by 0.5% from 2024 to 2029 within a 3-mile radius.
- Convenient location 3 blocks to the UT Austin campus, 0.8 miles to the Texas Capitol, 1 mile to the medical district & 1.2 miles to downtown.
- MF-4-NP-UNO zoning allows for the potential construction up to 390 units.
EXECUTIVE SUMMARY
This multifamily development site available for sale is located in the heart of the University of Texas at Austin’s downtown campus. Benefiting from Austin’s rapid population growth, proximity to the school and immediate access to major thoroughfares, this property presents highly desirable multifamily residential or student housing opportunities.
PROPERTY FACTS
| Price Per Unit | $236,842 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 7,178 SF |
| No. Units | 19 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/2017 |
| Apartment Style | Low-Rise | Parking Ratio | 0.28/1,000 SF |
| Building Class | C | ||
| Zoning | MF-4-NP-UNO - Multifamily Residence - Moderate-High Density | ||
| Price Per Unit | $236,842 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,178 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1915/2017 |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | MF-4-NP-UNO - Multifamily Residence - Moderate-High Density |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+4.5 | 19 | - | 330 |
PROPERTY TAXES
| Parcel Number | 203717 | Improvements Assessment | $1,410,585 |
| Land Assessment | $1,890,000 | Total Assessment | $3,300,585 |
PROPERTY TAXES
Parcel Number
203717
Land Assessment
$1,890,000
Improvements Assessment
$1,410,585
Total Assessment
$3,300,585
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