2620 Ektom Dr
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2620 Ektom Dr
8 Unit Apartment Building For Sale Austin, TX 78745
Investment Highlights
- Westgate offers residents easy access to major highways, including Highway 290 and Interstate 35.
- Nature enthusiasts will appreciate the proximity of Westgate to several parks and green spaces.
- Home to a variety of shopping centers and dining options, catering to a wide range of tastes and preferences.
- Westgate boasts a strong sense of community, with various events, festivals, and neighborhood gatherings throughout the year.
Executive Summary
Welcome to 2620 Etkom Dr, a prime investment opportunity in the vibrant heart of Austin, TX. This 1980's vintage 8-unit complex is situated in a rapidly developing neighborhood, promising significant appreciation potential. With current rents well below market value and untouched since 2020, this property presents an exceptional value-add opportunity. Capitalize on the growth of Austin's dynamic real estate market and unlock substantial returns by optimizing and modernizing this gem.
Property Facts
| Sale Type | Investment | Building Size | 3,168 SF |
| No. Units | 8 | Average Occupancy | 63% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Low Rise | Parking Ratio | 1.25/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.28 AC |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,168 SF |
| Average Occupancy | 63% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 |
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PROPERTY TAXES
| Parcel Number | 510232 | Improvements Assessment | $474,011 |
| Land Assessment | $302,149 | Total Assessment | $776,160 |
PROPERTY TAXES
Parcel Number
510232
Land Assessment
$302,149
Improvements Assessment
$474,011
Total Assessment
$776,160
zoning
| Zoning Code | MF-2, Austin (Multi-Family) |
| MF-2, Austin (Multi-Family) |
-
Derric Jacobs -
KW Commercial Northwest
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2620 Ektom Dr
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