For sale
$1,250,000
2411 S 5th St
Austin, TX 78704
- 0 beds
- 0 baths
- 0.35 acres
Listing courtesy of Christies Intl Real Estate Lone Star · (512) 270-8586 · MLS# 4617636 · Status: Active
About this home
This is the kind of asset in Bouldin Creek that has strong upside .35 acres zoned MF 4, sitting less than two miles from downtown Austin in one of 512's most land-constrained neighborhoods.The play here is straightforward: collect rent today, capture upside tomorrow. Current rents are running well below market on a mix of four 1BD/1BA and two 2BD/1BA units - meaning a new owner can generate immediate returns through light renovation and a rent reset, or simply hold and let the land appreciate while Austin's density pressure does the work. The land story is real. MF-4 zoning allows 6+ additional units with height up to 60 feet. Feasibility study on hand to get an idea of potential yields. Whether you're a private investor looking for a stabilized Bouldin Creek hold, a developer eyeing a ground-up play, or a 1031 buyer needing a low-friction close - this checks the box.
Description provided by the listing brokerage.
Facts
- Property type
- Commercial Sale · Multi Family
- Year built
- 1960
- Lot size
- 0.35 acres
- County
- Travis
- Neighborhood
- Southwood Annex
Features
- View
- None
- Sewer
- Public Sewer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile, Vinyl
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
- Water
- Public
- Parking
- Asphalt, Off Street, Outside, Unassigned, See Remarks
- Foundation
- Slab
- Energy efficiency
- None
- Accessibility
- None
- Construction
- Brick
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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