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607-609 Elmwood Pl
Austin, TX 78705
Multifamily Property For Sale · 6 Units

INVESTMENT HIGHLIGHTS

  • Turnkey Class A cashflow property 100% leased and already pre-leased for a year in advance.
  • Amazing location walking distance to the University of Texas, Austin.
  • Oversized rental demand with option to raise rents to $1500 to $1600 per bedroom.
  • Low carrying costs easy to maintain.

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class C
Lot Size 0.32 AC
Building Size 10,232 SF
Average Occupancy 100%
No. Stories 3
Year Built 2017
Parking Ratio 1.17/1,000 SF
Zoning MF-4-NP

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Double Pane Windows
  • Window Coverings

SITE AMENITIES

  • Walking/Biking Trails

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+2 3 $5,900 1,558
6+3 2 $8,850 2,000
4+3 1 $5,900 1,558
  • Listing ID: 30766738

  • Date on Market: 1/25/2024

  • Last Updated:

  • Address: 607-609 Elmwood Pl, Austin, TX 78705

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