2411 S 5th St Austin, TX $ 1,750,000
2411 S 5th St
$ 1,750,000
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2411 S 5th St

Austin, TX, 78704
$ 1,750,000
Baths0.0 Sq 4,760

Monthly Estimate*

$ 11,631

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Studio

Commercial Property for sale in Austin, TX

for $1,750,000. This 4,760 square foot building was built in 1960 on a lot size of 0.3487.

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.

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Commercial Active

Price

$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 17,224

Style

Apartment

Lot Size

0.3487

Year Built

1960

Town/City

Austin

County/Region

Travis

MLS | Web ID

9030055

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities Above Ground Electricity Available High Speed Internet Natural Gas Available Sewer Connected
Zoning MF-4
Security Features None
Construction Materials Frame HardiPlank Type
Year Built 1960
View City Lights Trees/Woods
Topography Flat
Property SubType Apartment
Tax Year 2023
Current Use Investment Multi-Family Residential
Accessibility None
County Travis
Operating Expense 17460
New Construction N
Property Type Commercial Sale
Energy Efficient None
Subdivision Name Southwood Annex
Building Features Appliances
Green Sustainability None
Other Structures Storage
Status Active
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.
City Austin
Disclosures None
MLS Area 6
Lot Size Square Feet 15189.37
Waterfront Y/N N
Street Name 5th
Tax Annual Amount 17224.03
Property Condition Resale
Additional Parcels Y/N N
Leasable Area 4760
Lease Type Deposit Required Gross
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 952000
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Interior
Flooring Carpet Laminate
Total Stories 2
Street Suffix ST
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features Gravel Off Street On Site Parking Lot Unassigned
Water Source Public
Total Parking 10
Foundation Details Slab
Number of Buildings 1
Building Area Total 4760
Lot Size Acres 0.3487
Lot Size Source Public Records
Other Equipment Dryer Connections Washer Hookup
Horse Y/N N
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Internal Only
Street Number 1 2411
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* Excluded Features
List By
Allan Hanson

Listing Agent

Berkshire Hathaway Tx Realty

Broker

Allan.Hanson@bhhstxrealty.com

Email

Affordability Calculator

$13,066
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,631
Monthly Property Taxes
$1,435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2024$1,750,000 Listed Price

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2411 S 5th St, Austin, TX, 78704 is a Commercial Property for sale at $1,750,000 with 4,760 sqft and a lot size of 0.3487. 2411 S 5th St is a studio with 0.0 baths and was built in 1960. The property's zip code is 78704 which is in Austin, TX