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2411 S 5th St 6 Unit Apartment Building $1,400,000 ($233,333/Unit) Austin, TX 78704
Investment Highlights
- Units: 6 (4×1BD/1BA | 2×2BD/1BA)
- Lot: .35 acres | Zoning: MF-4
- Submarket: Galindo / South Lamar | Walk Score: 52 | Bike Score: 58
- SF: 4,482 | Stories: 2 | Year Built: 1960
- Value Add: 6 units | Max height: 60 ft
Executive Summary
Bouldin Creek Value-Add | 6 Units | MF-4 | .35 AC - 78704
6-unit apartment complex in the heart of Bouldin Creek, one of Austin's most supply-constrained residential submarkets. Sitting on .35 acres zoned MF-4, the site carries the ability to add six units via feasibility study.
6-unit apartment complex in the heart of Bouldin Creek, one of Austin's most supply-constrained residential submarkets. Sitting on .35 acres zoned MF-4, the site carries the ability to add six units via feasibility study.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $233,333 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 4,760 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 2.1/1,000 SF |
| Zoning | MF-4 - Multifamily | ||
| Price | $1,400,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 4,760 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | MF-4 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Breakfast Nook
- Family Room
- Freezer
- Handrails
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Picnic Area
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 303898 | Improvements Assessment | $482,650 |
| Land Assessment | $683,550 | Total Assessment | $1,166,200 |
Property Taxes
Parcel Number
303898
Land Assessment
$683,550
Improvements Assessment
$482,650
Total Assessment
$1,166,200
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2411 S 5th St