Bouldin Creek Apartments
6 Unit Apartment Building | $1,750,000 ($291,667/Unit) | Austin, TX 78704
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,750,000
- Property Type
-
Multifamily
- Square Feet
- 4,482 SF
Listing Contacts
Allan Hanson
Verified Profile
Mark Mellon-Werch
Verified Profile
Tim Alexander
Verified Profile
- Property Info
Property Overview
Value Added Opportunity on a six unit apartment complex in the heart of Bouldin Creek. This six unit complex sits on a .349 acre tract with the engineering reports showing how an additional six units can be added to the tract to maximize the return for an investor. A full copy of the Architectural Feasibility Report can be requested under separate cover. Complex is currently leased with under market rental rates, so there is an upside for immediate increase in cash flow with the potential for value added increases in the future. A study has been done by a major international Short Term Rental company showing the potential to substantially increase income by moving the complex to the STR market. With this outstanding location just blocks from the SoCo District and in the Bouldin Creek District, the opportunity to convert this complex to Short Term Rental for maximization of rental exists or to convert to Condominiums for sale of individual units. All facts to be confirmed by the buyer prior to closing.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 2
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 15,246 SF
- Units
- 6
Highlights
- Location near Bouldin Creek
- Value Added Opportunity
Nearby Properties
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