2411 South 5th Street

Austin, TX 78704

$1,650,000
Price
Beds
4,760 Sq. Ft.
$347 / Sq. Ft.
4,760
Sq. Ft.
$347
per Sq. Ft.

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.
  1. Listed by Allan Hanson • TREC #0531479 • Berkshire Hathaway TX Realty • (512) 483-6000
  2. Listed by Mark Mellon-Werch • TREC #0618688 • Berkshire Hathaway TX Realty

Property Details for 2411 South 5th Street

Subdivision Name
Southwood Annex
Waterfront
No
View
City Lights, Trees/Woods
View YN
Yes
Parcel Number
04020404120000
Tax Lot
4
Master on Main
No
Year Built Source
Public Records
LISTING UPDATED: 09/30/2024 01:32 PM

Property Details for 2411 South 5th Street

StatusActive
MLS #9030055
Days on Market259
Taxes$17,224 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1960
Lot Size0.35 AC / 15,189 SF
CountyTravis County

Building Information for 2411 South 5th Street

Stories2Residences-Year Built1960Lot Size0.35 AC / 15,189 SF

Property Information for 2411 South 5th Street

General Information
Parking
  • Parking Total: 10
  • Parking Features: Gravel, On Site, Off Street, Parking Lot, Unassigned
Interior
  • Stories Total: 2
  • Flooring: Carpet, Laminate
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Restrictions: No Restrictions
Exterior
  • New Construction: No
  • Construction Materials: Frame, HardiPlank Type
  • Foundation Details: Slab
  • Accessibility Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Flat
  • Lot Size Source: Public Records
  • Topography: Level
  • Zoning: MF-4
  • Current Use: Investment, Multi-Family, Residential
  • Horse: No
Location Information
  • Leasable Area: 4760.0
  • Building Features: Appliances, No Loading
  • Number Of Buildings: 1
  • Building Area Total: 4,760.00
  • Building Area Source: Public Records
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Connected
  • Water Source: Public
Financial Information
Taxes and HOA Information
  • Tax Assessed Value: $952,000
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.81%
Showing Information
Showing Information
  • Security Features: None
  • Directions: From 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.

Property History for 2411 South 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$268,450Total$952,000
Tax Record2022$17,391 ($1,449 / 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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2411 South 5th Street is for sale in Austin, TX 78704. This property was listed for sale on March 10, 2024 by Berkshire Hathaway TX Realty, it's currently listed at $1,650,000. It has been on the market for a total of 259 days and was last sold on February 25, 2022. This listing's school district is Austin Independent School District. Nearby schools include Dawson Elementary School, Fulmore Middle School and Travis High School. 2411 South 5th Street is a 0-bed, 0-bath, 4,760 sqft built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway TX Realty, Allan Hanson, TREC #0531479; Berkshire Hathaway TX Realty, Mark Mellon-Werch, TREC #0618688

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.