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Crest Haus 7929 Gault St

25 Unit Apartment Building For Sale Austin, TX 78757

Investment Highlights

  • Recent Renovation of $52K + /Unit
  • Brand New Interior
  • Brand New Exterior

Executive Summary

LUXURY, BOUTIQUE ASSET IN CENTRAL AUSTIN, $52K PER UNIT IN RECENT RENOVATIONS
Crest Haus is a boutique multifamily property consisting of 25 units off Anderson Lane in North Central Austin. Originally constructed in 1968, current ownership recently completed a transformative renovation including full exterior and all unit interiors with over $1.3 million ($52,000+ per unit) in total scope. Exterior renovations include main sewer line replacement, new paint, new signage, landscaping, a resurfaced and striped parking lot, turfed courtyard, all new double-paned windows, new exterior doors, HVAC unit replacement, new water heaters, and all new light fixtures. All interiors are renovated to a luxury finish including trendy vinyl plank flooring in living areas and bedrooms, porcelain tile in kitchens and bathrooms, stainless steel appliances with gas stoves and new range hoods, modern cabinetry with soft-close hinges, quartz countertops, tile backsplashes, copper-rewired kitchens, and all new tubs and toilets and full wall-tiling in showers.
PRIME TRANSIT LOCATION IN CENTRAL AUSTIN
Crest Haus is centrally within a five-mile radius of some of Austin’s most notable employment centers. Residents of Crest Haus are within a 10-minute commute to downtown, the Domain, Mueller, and the University of Texas. The Property is located less than a mile from the North Lamar corridor, as well as North Lamar Transit Center and within three miles of three of Austin’s major thoroughfares–Interstate 35, Mopac and Highway 183–offering accessibility to anywhere in the metro.

Property Facts

Sale Type Investment
No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.66 AC
Building Size 19,902 SF
Average Occupancy 92%
No. Stories 2
Year Built 1968
Parking Ratio 2.41/1,000 SF

Unit Amenities

  • Heating
  • Ceiling Fans
  • Kitchen
  • Stainless Steel Appliances
  • Tub/Shower
  • Quartz Countertops

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - 450
1+1 4 - 625
2+1 8 - 830
2+1.5 12 - 860
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
240380
Land Assessment
$1,440,250
Improvements Assessment
$2,042,600
Total Assessment
$3,482,850

zoning

Zoning Code MF-4-NP
MF-4-NP
  • Listing ID: 30665011

  • Date on Market: 1/15/2024

  • Last Updated:

  • Address: 7929 Gault St, Austin, TX 78757

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