2411 South 5th Street
$1,650,000
—
4,760
4,760
$347
Description
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...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.
- Listed by Allan Hanson • TREC #0531479 • Berkshire Hathaway TX Realty • (512) 483-6000
- Listed by Mark Mellon-Werch • TREC #0618688 • Berkshire Hathaway TX Realty
Property Details for 2411 South 5th Street
Subdivision Name
Southwood Annex
WaterfrontNo
ViewCity Lights, Trees/Woods
View YNYes
Parcel Number04020404120000
Tax Lot4
Master on MainNo
Year Built SourcePublic Records
LISTING UPDATED: 09/30/2024 01:32 PM
Property Details for 2411 South 5th Street
Status | Active |
---|---|
MLS # | 9030055 |
Days on Market | 291 |
Taxes | $17,224 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Apartment |
MLS Type | Commercial Sale / Apartment |
Year Built | 1960 |
Lot Size | 0.35 AC / 15,189 SF |
County | Travis County |
Building Information for 2411 South 5th Street
Stories2Residences-Year Built1960Lot Size0.35 AC / 15,189 SF
Property Information for 2411 South 5th Street
Property History for 2411 South 5th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2411 South 5th Street
Taxable ValueLand$683,550Additions$387,450Total$1,071,000
Tax Record2023$17,224 ($1,435 / month)
Home Facts
Total Finished SqFt4,760 SqFtAbove Grade Finished SqFt4,760 SqFtStories2Lot Size15,189 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyTRAVISAPN0402040412
Schools near 2411 South 5th Street
This home is within Austin Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dawson Elementary School PublicPK to 5 | ||
Fulmore Middle School Public6 to 8 | ||
Travis High School Public9 to 12 | ||
Phoenix Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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