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2201 Leon St
Austin, TX 78705
Campus Flats · Multifamily Property For Sale · 6 Units

INVESTMENT HIGHLIGHTS

  • Stable Cash Flow
  • Ideally Located
  • Huge Potential as a Residential Redevelopment
  • Value Add with 6th Unit
  • Alley Access
  • High Rental Renewal Rate

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 2,800 SF
Average Occupancy 100%
No. Stories 1
Year Built 1956
Parking Ratio 0.71/1,000 SF
Zoning MF4

ABOUT 2201 LEON ST , AUSTIN, TX 78705

Campus Flats is a 5-unit (plus garage) multifamily property located in the heart of West Campus just steps from all of UT's main hot spots. Prime 78705 location just a short walk to UT Campus / The Drag. 5-10 minute drive (even during rush hour) to Downtown. Laundromat and grocery store within 3 blocks. Quiet street, only 4 units in the building, very private. Newly refurbished, open studio floor plan. Gas range in each unit. Large walk-in closets for residents. Street parking available with easy/inexpensive permit application process. Colorful, active, dynamic, energetic, diverse – all of these apply to West Campus, and with its large amount of students in the neighborhood, it’s easy to see why. The brightly-painted buildings, the trendy little pizza joints, and even the amount of bicycles in the area help define this neighborhood as a haven for University of Texas-Austin students. But even if you aren’t a student, this neighborhood is terrific – there are plenty of apartments to choose from, the housing stock is diverse, and the location is ideal. West Campus extends from Lamar Boulevard to “the Drag,” or Guadalupe Street. The Drag is where you’ll find a wide selection of shops, restaurants, and bars. These include local favorites like Cabo Bob’s, Halal Bros, the Spider House Café and Ballroom, and Kerbey Lane Café. On the west side, things are a little quieter with Pease Park and the Shoal Creek Greenbelt framing the area. No matter where in West Campus you choose to rent, you’ll be well within walking distance of campus, the Museum District, and Austin Community College.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
112454
Land Assessment
$1,012,500
Improvements Assessment
$21,968
Total Assessment
$1,034,468
  • Listing ID: 18510804

  • Date on Market: 2/13/2020

  • Last Updated:

  • Address: 2201 Leon St, Austin, TX 78705

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