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Kelsey Bates

Realtor

  • Office (512)410-8037
  • Cell (512) 420-6676
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2411 S 5th Street, Austin, TX – $1,750,000

  • $1.8M Price
  • .35 Acres
  • 72 DOM
  • $1.8M Price
  • .35 Acres
  • 72 DOM

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.

Essential Information

  • MLS® #9030055
  • Price$1,750,000
  • Bathrooms0.00
  • Acres0.35
  • Year Built1960
  • TypeCommercial Sale
  • Sub-TypeApartment
  • StatusActive

Community Information

  • Address2411 S 5th Street
  • SubdivisionSouthwood Annex
  • CityAustin
  • CountyTravis
  • StateTX
  • Zip Code78704

Amenities

  • ViewCity Lights, Trees/Woods

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

Interior

  • InteriorCarpet, Laminate
  • HeatingNatural Gas

Exterior

  • Lot DescriptionFlat
  • ConstructionFrame, HardiPlank Type
  • FoundationSlab

Additional Information

  • ZoningMF-4

Listing Details

  • Contact Details(512) 483-6000
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Property Listed by: Berkshire Hathaway TX Realty

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 21st, 2024 at 8:01am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.