Keller Williams Realty
This listing was posted on Keller Williams Realty (via ListedBuy).
$5,400,000
4127 E 12th St, Austin, TX 78721 - MLS 9392592
Price:
$5,400,000
Location:
4127 E 12th St, Austin, TX
Description:
Introducing an exciting investment opportunity in the up-and-coming East Austin area! Springdale Commons is the latest development from Austin's premier green builder, Fortunate Foundations. Consisting of eight units, this unique complex is perfectly positioned to capitalize on the area's growth and potential. Expected completion date August 2023. Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residents alike. With its vibrant arts scene, trendy restaurants, and proximity to downtown, East Austin is quickly becoming one of the most sought-after neighborhoods in the city. The complex itself boasts 8 energy-efficient units across 3 buildings enveloped in continuous thermal and noise-insulating foam. These modern, eco-friendly features not only provide residents with a comfortable and tranquil living experience but also contribute to reduced energy costs and a smaller carbon footprint. One of the unique advantages of this property is its commercial zoning, allowing for the allocation of two units specifically designated for short-term saleals (STRs). With the increasing popularity of Austin as a tourist destination, STRs present an excellent opportunity to maximize your investment returns. Buyer to verify. As you evaluate the financials, rest assured that this property offers a competitive Cap Rate of 4.6% and an impressive Pro Forma Cap Rate of 5.8%. Perform a thorough analysis of the projected saleal income from long-term leases, as well as the potential income from the designated STR units. Don't miss your chance to be part of the East Austin growth story. This multi-family complex presents an ideal blend of location, energy efficiency, and investment potential. Contact us today to secure your place in this thriving community and start reaping the benefits of this exceptional opportunity. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
1,444 sq. ft.
For sale by:
Agent/Broker
Agent Name:
Keller Williams Realty
Posted:
February 22 on ListedBuy
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More About this Listing: 4127 E 12th St, Austin, TX 78721 - MLS 9392592
4127 E 12th St, Austin, TX 78721 - MLS 9392592 is a Multi-Family Real Estate for Sale at 4127 E 12th St in Austin TX. Find other listings like 4127 E 12th St, Austin, TX 78721 - MLS 9392592 and listings near 4127 E 12th St by searching Oodle Classifieds for Multi-Family Real Estate for Sale in Austin TX.
4127 E 12th St, Austin, TX 78721 - MLS 9392592 is a Multi-Family Real Estate for Sale at 4127 E 12th St in Austin TX. Find other listings like 4127 E 12th St, Austin, TX 78721 - MLS 9392592 and listings near 4127 E 12th St by searching Oodle Classifieds for Multi-Family Real Estate for Sale in Austin TX.