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2822 Rio Grande St
Austin, TX 78705
Rio Flats · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Situated on Rio Grande St between Lamar & Guadalupe just minutes from UT Austin
- Significant upside in income with tenant backfill
- 9 total units - 8 three bedroom & 1 two bedroom
- Located in the University Neighborhood Overlay
- Spacious custom designed units with modern finishes
- Ample ground level parking on property
EXECUTIVE SUMMARY
Introducing a prime opportunity for multifamily investors: a meticulously crafted 9,331 SF building boasting 9 units, ideally positioned in the thriving West Campus area of Austin. Built to exacting standards in 2015, this property offers modern design and functionality to cater to the discerning tenant. Zoned MF-4-ETOD-DBETOD-NP and situated within the the University Neighborhood Overlay, it presents a versatile canvas for development and expansion. The property's strategic location ensures seamless access to the city's amenities and attractions while providing a serene retreat for residents. With a strong rental market and a track record of robust demand, this investment promises a compelling blend of luxury living and lucrative returns.
Discover the vibrant surroundings of the property nestled in the heart of Austin, TX. This prime location offers unparalleled access to an array of amenities, from renowned dining establishments to upscale shopping destinations. Just moments away, the University of Texas at Austin creates a dynamic backdrop, fostering a hub of innovation and talent. Nearby, the scenic Lady Bird Lake provides an idyllic escape for outdoor pursuits. With easy access to major thoroughfares and a thriving business community, the area presents a compelling opportunity for office building investors seeking a strategic foothold in one of the nation's most dynamic and entrepreneurial cities.
Discover the vibrant surroundings of the property nestled in the heart of Austin, TX. This prime location offers unparalleled access to an array of amenities, from renowned dining establishments to upscale shopping destinations. Just moments away, the University of Texas at Austin creates a dynamic backdrop, fostering a hub of innovation and talent. Nearby, the scenic Lady Bird Lake provides an idyllic escape for outdoor pursuits. With easy access to major thoroughfares and a thriving business community, the area presents a compelling opportunity for office building investors seeking a strategic foothold in one of the nation's most dynamic and entrepreneurial cities.
PROPERTY FACTS
| Price Per Unit | $527,778 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.05% | Lot Size | 0.31 AC |
| No. Units | 9 | Building Size | 9,331 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2015 |
| Zoning | MF - MF-4-ETOD-DBETOD-NP | ||
| Price Per Unit | $527,778 |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 9,331 SF |
| No. Stories | 3 |
| Year Built | 2015 |
| Zoning | MF - MF-4-ETOD-DBETOD-NP |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 757 |
| 3+2 | 8 | - | 1,153 |
PROPERTY TAXES
| Parcel Number | 208163 | Improvements Assessment | $2,728,663 |
| Land Assessment | $1,330,322 | Total Assessment | $4,058,985 |
PROPERTY TAXES
Parcel Number
208163
Land Assessment
$1,330,322
Improvements Assessment
$2,728,663
Total Assessment
$4,058,985
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