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2903 Parker Ln
Austin, TX 78741
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,312 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1972/2017 |
| Lot Size | 0.19 AC | Parking Ratio | 3.46/1,000 SF |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,312 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2017 |
| Parking Ratio | 3.46/1,000 SF |
AMENITIES
UNIT AMENITIES
- Disposal
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Vaulted Ceiling
- Ice Maker
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Yard
- Patio
ABOUT 2903 PARKER LN , AUSTIN, TX 78741
On a street with 10+ fourplexes of similar design and construction, this one is different, for the following reasons: 1. Fully renovated in 2017 (including new roof, new kitchen, and appliances) 2. High rents ($4575/month) 3. High demand (multiple applicants within 24 hours when vacancy listed) 4. Low vacancy (2 units turned over in the summer with 1 week of vacancy loss) 5. Landlord friendly designs (low maintenance renovations like stained concrete and granite countertops) 6. Energy efficient considerations (LED recessed lighting, white roof with vents along the top and edges) 7. Private spaces created by fence design are a major perk for tenants, especially pet owners 8. High end look (pergola entrance, dark wood stained fence, trash bin barns to hide bins) 9. New landscaping 10. Quality tenants with multiple-year time horizons *Financials below reflect actual results from the first 6 months of 2018. Total rents do not include the increased rents that became effective in July for all 4 units.*
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,150 | 600 |
PROPERTY TAXES
| Parcel Number | 289746 | Improvements Assessment | $319,936 |
| Land Assessment | $252,433 | Total Assessment | $572,369 |
PROPERTY TAXES
