305 W 35th St | Austin, TX 78705
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- LoopNet Team
305 W 35th St
Austin, TX 78705
305 Flats · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Recession resistant asset with day one potential to increase NOI with a utility recapture system.
- Value add opportunity with below market rents.
- Easy access to I-35.
- Inelastic demand within walking distance to UT campus and grocery stores.
- All studio unit mix places these units in high demand in an undersupplied student housing market.
PROPERTY FACTS
| No. Units | 32 | Building Size | 14,400 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 0.48 AC | ||
| Zoning | R3 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | 400 |
PROPERTY TAXES
| Parcel Number | 212922 | Improvements Assessment | $3,145,600 |
| Land Assessment | $2,102,400 | Total Assessment | $5,248,000 |
PROPERTY TAXES
Parcel Number
212922
Land Assessment
$2,102,400
Improvements Assessment
$3,145,600
Total Assessment
$5,248,000
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