About 2411 S 5th Street
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.
Features of 2411 S 5th Street
| MLS® # | 9030055 |
|---|---|
| Price | $1,750,000 |
| Bathrooms | 0.00 |
| Acres | 0.35 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 2411 S 5th Street |
|---|---|
| Area | 6 |
| Subdivision | Southwood Annex |
| City | Austin |
| County | Travis |
| State | TX |
| Zip Code | 78704 |
Amenities
| Utilities | Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Connected |
|---|---|
| Parking | Gravel, Off Street, On Site, Parking Lot, Unassigned |
| View | City Lights, Trees/Woods |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Heating | Natural Gas |
| Fireplace | No |
Exterior
| Lot Description | Flat |
|---|---|
| Construction | Frame, HardiPlank Type |
| Foundation | Slab |
Additional Information
| Date Listed | March 10th, 2024 |
|---|---|
| Days on Market | 54 |
| Zoning | MF-4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Tax Year | 2023 |
| Estimated Tax | 17,224 |
| Total Actual Tax | 17,224 |
Listing Details
| Office | Berkshire Hathaway TX Realty |
|---|---|
| Contact Info | (512) 483-6000 |
| Contact Details | (512) 483-6000 |