Gardens at Anderson Square 7908 Gault St 16 Unit Apartment Building For Sale Austin, TX 78757

Chic Multifamily Community, $500+ Rent Premiums on Renovated Interiors 63%
Gardens at Anderson Square is a 16-unit multifamily community directly off Anderson Lane in north central Austin. Current ownership has completed interior renovations in 10 units (63%), which are seeing over $500 in rental premiums above current rents in remaining classic units. The property is located directly off of Anderson Lane on Gault Street. The micro-pocket – home to a number of smaller multifamily communities – has seen a significant pickup in activity from private investors executing high quality improvements to surrounding properties and taking advantage of the underserved rental demand in the neighborhood.
Hotspot Between Austin’s Most Prominent Employment Centers
Gardens at Anderson Square is centrally within a 5-mile radius of some of Austin’s most notable employment centers. Residents here are within a 10-minute commute to downtown, the Domain, Mueller and the University of Texas. The property is within three miles of three of Austin’s major thoroughfares – Interstate 35, Mopac and Highway 183 – offering accessibility to anywhere in the metro.