502 W 35th St
Austin, TX 78705
Sunwest · Multifamily Property For Sale · 20 Units

Located at 404 and 502 East 35th Street, Austin, Texas 78705, Sunwest Apartments are actually two separate tax parcels with one building per site, separated by one-half block. Each building offers 10 units apiece for a total of 20 units. Each location is home to 10 studios (with 408 ± SF) and 10 one bedroom/one bathroom lofts (538 ± SF). Sunwest communities have undergone a major renovation to the exteriors and 17 of the 20 total units have interior upgrades, including wood-look flooring, deep-blue painted Shaker cabinetry, sleek cabinet pulls, stainless/black appliances, upgraded lighting, designer faucets, quartz kitchen countertops*, ceramic tiles on bathtub surrounds, and ceilings fans. The exterior is all stucco siding and the roofs are composition shingle. One unique advantage of this North Campus location is that Sunwest Apartments is only six (6) blocks to the northernmost U.T. Main Campus buildings and all the related University amenities. This Mid-Century Architectural Design is enhanced by the new vivid exterior paint colors, open and airy floorplans, retro bathrooms and modern kitchen layouts. The efficient spaces in the one-bedroom floorplans are enhanced by the lofts above the living spaces with interior stairs. Each site is approximately 0.1377 Acres (or 6,000 ± SF) for a total of 12,000 ± SF of land area — according to the Travis County Appraisal District records. The City of Austin shows the zoning classification to be MF-3-NCCD-NP for both properties. The residential feel of the property is rivaled only by the accessible entertainment and retail options offering tenants a true urban experience. According to Austin Investor Interests, average rental rates for Studios and One Bedrooms in the U.T. Campus Austin area are $1,201 per unit. The Class B and C properties in this submarket are enjoying an average occupancy of 99%.