Austin, TX 78704 2411 S 5th St
$1,650,000
22 more
Presented By: Berkshire Hathaway TX Realty; (512) 483-6000
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 4,760
Home Details
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. 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 Corporate 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.
Presented By: Berkshire Hathaway TX Realty; (512) 483-6000
Interior Features for 2411 S 5th St
Bedrooms
Total Bedrooms
Bathrooms
Total Baths
Other Interior Features
FlooringCarpet, Laminate
Total Stories2
General for 2411 S 5th St
AccessibilityNone
Additional Parcels Y/NNo
Building FeaturesAppliances
CityAustin
Construction MaterialsFrame, HardiPlank Type
CoolingCentral Air
CountyTravis
Current UseInvestment, Multi-Family, Residential
DirectionsFrom E Oltorf / IH 35, go west 1.6 miles then turn left at S 5th St. Drive 325 feet, building will be on your left.
DisclosuresNone
Energy EfficientNone
Green SustainabilityNone
HeatingNatural Gas
Leasable Area4760
Lease TypeDeposit Required, Gross
Lot Size Square Feet15189.37
MLS Area6
New ConstructionNo
Operating Expense17460
Other StructuresStorage
Property ConditionResale
Property SubTypeApartment
Property TypeCommercial Sale
Security FeaturesNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSouthwood Annex
Tax Annual Amount17224.03
Tax Assessed Value952000
Tax Year2023
TopographyFlat
UtilitiesAbove Ground, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected
ViewCity Lights, Trees/Woods
Waterfront Y/NNo
Year Built1960
Year Built SourcePublic Records
ZoningMF-4
Exterior for 2411 S 5th St
Building Area Total4760
Foundation DetailsSlab
Horse Y/NNo
Lot Size Acres0.3487
Lot Size SourcePublic Records
Number of Buildings1
Other EquipmentDryer Connections, Washer Hookup
Parking FeaturesGravel, Off Street, On Site, Parking Lot, Unassigned
Total Parking10
Water SourcePublic
Additional Details
Price History
