Austin Area duplex 50% leased | 113-119 Creekside Villa Dr
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Austin Area duplex 50% leased 113-119 Creekside Villa Dr
2 Unit Apartment Building $599,900 ($299,950/Unit) 4.02% Cap Rate Kyle, TX 78640
Investment Highlights
- 50% leased!
- Luxuries include hardwood style tile flooring, double vanity in the primary and spacious walk-in closets.
- Professional property managing in place.
Executive Summary
50% leased in Austin MSA! Great location with easy access to I-35 and a short 30 minute drive to Austin. This beautiful 3 bed/2 bath 1 story duplex features a covered front porch, tall ceilings, a spacious living and dining area with breakfast bar. Luxuries include hardwood style tile floors, fenced yards with full sprinklers, ceramic tile countertops with back splash and oil-rubbed bronze fixtures. Built-in microwave, double vanity in the master bedroom, spacious walk-in closets and indoor laundry. Professional property management in place at a great rate of 5%.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,080
|
$34.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,292
|
$1.02
|
| Effective Gross Income |
$41,788
|
$33.01
|
| Taxes |
$11,146
|
$8.80
|
| Operating Expenses |
$6,531
|
$5.16
|
| Total Expenses |
$17,677
|
$13.96
|
| Net Operating Income |
$24,111
|
$19.05
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $43,080 |
| Annual Per SF | $34.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,292 |
| Annual Per SF | $1.02 |
| Effective Gross Income | |
|---|---|
| Annual | $41,788 |
| Annual Per SF | $33.01 |
| Taxes | |
|---|---|
| Annual | $11,146 |
| Annual Per SF | $8.80 |
| Operating Expenses | |
|---|---|
| Annual | $6,531 |
| Annual Per SF | $5.16 |
| Total Expenses | |
|---|---|
| Annual | $17,677 |
| Annual Per SF | $13.96 |
| Net Operating Income | |
|---|---|
| Annual | $24,111 |
| Annual Per SF | $19.05 |
Property Facts
| Price | $599,900 | Property Subtype | Apartment |
| Price Per Unit | $299,950 | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Size | 2,532 SF |
| Cap Rate | 4.02% | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2014 |
| Price | $599,900 |
| Price Per Unit | $299,950 |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Size | 2,532 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 2014 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
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Austin Area duplex 50% leased | 113-119 Creekside Villa Dr
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