Gardens at Anderson Square
16 Unit Apartment Building | For Sale | Austin, TX 78757
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 10,432 SF
Listing Contacts
Grant Mobley
Verified Profile
J.R. Ellis
Verified Profile
- Property Info
Property Overview
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.
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.
Property Details
- Class
- C
- Year Built/Renovated
- 1969/2023
- Stories
- 1
- Lot Size (sq. ft)
- 16,988 SF
- Units
- 16
Highlights
- 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.
- Gardens at Anderson Square is centrally within a 5-mile radius of some of Austin’s most notable employment centers.
- The micro-pocket has seen a significant pickup in activity from private investors executing high quality improvements to surrounding properties.
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].