The Academy Apartments 201 Academy Dr 10 Unit Apartment Building For Sale Austin, TX 78704
INVESTMENT HIGHLIGHTS
- 3-minute walk to the prominent Music Lane complex on South Congress. (Aba, Hermes, and Soho House).
- Recently renovated exterior and unit interiors.
- ETOD zoning component provides for future redevelopment potential.
EXECUTIVE SUMMARY
Exceptional 10-unit multifamily asset prominently located near the heart of South Congress. Positioned just a 3-minute walk from the vibrant Music Lane complex—home to marquee names such as Aba, Hermes, and Soho House—the property offers unparalleled access and lifestyle. Featuring a recently renovated exterior and contemporary unit interiors, this asset delivers immediate value and enduring appeal. Its ETOD zoning component unlocks significant future redevelopment potential, establishing the property as a true generational asset.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2/1,000 SF |
| Zoning | MF-3, Austin |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 500 |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 282780 | Improvements Assessment | $429,090 |
| Land Assessment | $1,244,160 | Total Assessment | $1,673,250 |
