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1507 Pease Rd Rd

Austin, TX 78703
  • $4,400,000
  • STATUS: Active
  • ID#: 4237928
UPDATED: 59 min ago
$4,400,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1948
County:
Area:

School Ratings & Info

Description

Incredible investment opportunity in the Old Enfield Neighborhood. This area boasts some of Austin's oldest Colonial-style homes. This TEN-unit complex sits on 0.46 Acres as per county Tax Records. Property is within one mile of Nile and Windsor Road where some of the most expensive properties in Austin are located, and within walking distance to the Pease District Park which was bestowed a State Antiquities Landmark by the Texas Historical Commission. Building has recently been renovated. LOCATION, LOCATION, LOCATION: Tremendous location close to shopping, downtown and the UT Campus. NEW OWNER FLEXIBILITY: Multifamily investment OR individual condominium sales OR potential single-family site. Condominium Association ALREADY CREATED. NEWLY RENOVATED INTERIOR AND EXTERIOR: Ownership spent over $291k on renovations with new leases. Majority of units with washer/dryer and a shared laundry facility. Rents are increasing 25% year over year according to CoStar. Potential for land redevelopment given the stellar location.

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© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-19T21:03:41.533.
austin.papasanproperties.com/homes/127729577
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1507 Pease Rd Rd Austin, TX 78703

  • Price: $4,400,000
  • Status: Active
  • On Site: Days
  • Updated: 59 min ago
  • ID#: 4237928
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1948
Built
Neighborhood:
Enfield C
County:
Travis
Area:
Austin
Property Description
Incredible investment opportunity in the Old Enfield Neighborhood. This area boasts some of Austin's oldest Colonial-style homes. This TEN-unit complex sits on 0.46 Acres as per county Tax Records. Property is within one mile of Nile and Windsor Road where some of the most expensive properties in Austin are located, and within walking distance to the Pease District Park which was bestowed a State Antiquities Landmark by the Texas Historical Commission. Building has recently been renovated. LOCATION, LOCATION, LOCATION: Tremendous location close to shopping, downtown and the UT Campus. NEW OWNER FLEXIBILITY: Multifamily investment OR individual condominium sales OR potential single-family site. Condominium Association ALREADY CREATED. NEWLY RENOVATED INTERIOR AND EXTERIOR: Ownership spent over $291k on renovations with new leases. Majority of units with washer/dryer and a shared laundry facility. Rents are increasing 25% year over year according to CoStar. Potential for land redevelopment given the stellar location.
Exterior Features

Attached Garage YN No Bays 8 Construction Materials Brick Foundation Details Brick/MortarConcrete PerimeterPillar/Post/Pier Garage YN No Other Structures None Parking Features Covered Stories Total 2 View None Waterfront YN No

Interior Features

Building Area Total 10393 Cooling Central Air Flooring Wood Heating Central

Property Features

Accessibility Features Grip-Accessible FeaturesHand Rails Additional Parcels YN No Building Features AppliancesFixturesPrivate RestroomsWasher Dryer Connections Current Use Multi-Family Estimated Taxes 48721 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition Updated/Remodeled Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 48721 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source Public

Property listed by Jbgoodwin Realtors Nw.


© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-05-19T21:03:41.533.
 
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Papasan Real Estate Team @ Keller Williams Realty
1801 S. Mopac Expwy, Ste 100
Austin TX, 78746