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2813 Rio Grande St 6 Unit Apartment Building $3,250,000 ($541,667/Unit) 5.72% Cap Rate Austin, TX 78705
INVESTMENT HIGHLIGHTS
- 2813 Rio Grande Street provides a unique opportunity to acquire a stabilized, student housing asset located within the University of Texas at Austin’s
- The five townhome units feature multi-level floor plans, stainless steel kitchen appliances, in-unit laundry, and underneath parking. The main residen
- The asset is currently master-leased to a UT student organization through Summer 2029, generating $288,000 in annual gross rental income, with contrac
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
PROPERTY FACTS
| Price | $3,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $541,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.72% | Building Size | 7,993 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Price | $3,250,000 |
| Price Per Unit | $541,667 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 7,993 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 0.75/1,000 SF |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (99)
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VIDEOS
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2813 Rio Grande St
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