2901 Sweeney Lane Apartments 2901 Sweeney Ln 10 Unit Apartment Building $1,200,000 ($120,000/Unit) Austin, TX 78723
EXECUTIVE SUMMARY
10-unit multi-family in need of complete rehab located in rapidly improving area. Available for sale is a 10 unit complex consisting of all 1 bed/1 bath Townhome style 2 story units. Bedrooms and bathrooms upstairs and kitchens/living downstairs. Tons of closet space. 10 mins to UT and close to downtown. Price reflects the condition. Again, the property requires a complete rehab, including all major systems and interior renovations. Located in an appreciating area with increasing property values and rental demand. Opportunity for long term hold after renovations, fix and flip, or a potential condo conversion. Sold as-is.
PROPERTY FACTS
| Price | $1,200,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,794 SF |
| Average Occupancy | 30% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | B1 - GR-MU-V-CO-NP |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 779 |
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PROPERTY TAXES
| Parcel Number | 217245 | Improvements Assessment | $543,510 |
| Land Assessment | $352,800 | Total Assessment | $896,310 |
