708-800 S 1st St - South First Street Properties
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
708-800 S 1st St - South First Street Properties
8 Unit Apartment Building Offered at $5,000,000 at a 7% Cap Rate in Austin, TX 78704
Investment Highlights
- Money Maker
- Three blocks from Lady Bird Lake
- Three blocks from Downtown Austin
Executive Summary
STUNNING PRIME LOCATION. Money maker. Eight unit complex perched atop booming south 1st street .Two minutes walking distance to the heart of it all yet private and serene. Currently an operating vacation rental business with city license and permits . Ideal opportunity to own two quadruplex's with stainless steel appliances, Romeo and Juliet balconies and private backyards. Each unit is approximately 1000 sq ft . Walk five minutes to South Congress , Lady Bird Lake hike & bike trails, shops, boutiques and restaurants. Unique use and investment possibilities!
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$350,000
|
$35.00
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $350,000 |
| Annual Per SF | $35.00 |
Property Facts
| Price | $5,000,000 | Building Class | C |
| Price Per Unit | $625,000 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 7% | Average Occupancy | 80% |
| Sale Conditions | Business Value Included | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1981/2017 |
| Property Type | Multifamily | Parking Ratio | 1.53/1,000 SF |
| Apartment Style | Low Rise |
| Price | $5,000,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Conditions | Business Value Included |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2017 |
| Parking Ratio | 1.53/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
- Dining Room
- Family Room
- Garden
- Pantry
- Patio
- Porch
Site Amenities
- Courtyard
- Picnic Area
- Corporate Suites
- Walking/Biking Trails
- Storage Space
About 708-800 S 1st St , Austin, TX 78704
STUNNING PRIME LOCATION. Money maker. Eight unit complex perched atop booming south 1st street .Two minutes walking distance to the heart of it all yet private and serene. Currently an operating vacation rental business with city license and permits . Ideal opportunity to own two quadruplex's with stainless steel appliances, Romeo and Juliet balconies and private backyards. Each unit is approximately 1000 sq ft . Walk five minutes to South Congress , Lady Bird Lake hike & bike trails, shops, boutiques and restaurants. Unique use and investment possibilities!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | - | - |
1 of 1
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,110,577 | |
| Land Assessment | $1,522,500 | Total Assessment | $2,633,077 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,522,500
Improvements Assessment
$1,110,577
Total Assessment
$2,633,077
-
Dominique Davalos -
Coldwell Banker Realty
1 of 52
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
708-800 S 1st St - South First Street Properties
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.