3121 Speedway St | Austin, TX 78705
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3121 Speedway St
Austin, TX 78705
Castle Arms Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Walking distance to UT Main Campus - 51,991+/- Students and 24,000+/- Faculty and Staff at this highly ranked urban University.
- Value-Add left on Unit Interiors.
- Ample Surface Parking I 48 Underbuilding Spaces and Along Rear of Site.
- Current Long-Term Ownership (29+ years) has kept the property in Above Average Condition and Maintains High Occupancy.
- Adjacent to Renovated Single-Family Homes (Avg. Sales Price = $1,430,000) - (Source MLS);
- Close Proximity to "The Drag," Downtown, UT Health District, State Capitol, 3 Hospitals, and Multiple Entertainment Venues.
PROPERTY FACTS
| No. Units | 32 | Building Size | 21,183 SF |
| Property Type | Multifamily | Average Occupancy | 69% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 2.27/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | MF-4-NCCD-NP | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 21,183 SF |
| Average Occupancy | 69% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | MF-4-NCCD-NP |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Laundry Service
- Maintenance on site
- Public Transportation
PROPERTY TAXES
| Parcel Number | 210233 | Improvements Assessment | $5,046,650 |
| Land Assessment | $1,558,400 | Total Assessment | $6,605,050 |
PROPERTY TAXES
Parcel Number
210233
Land Assessment
$1,558,400
Improvements Assessment
$5,046,650
Total Assessment
$6,605,050
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