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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0BEDS
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0.46ACRES
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0BATHS
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01/2 BATHS
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.
© 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.