This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/27
2411 S 5th St, Austin, TX 78704
$1,750,000
2411 S 5th St, Austin, TX 78704View this property at 2411 S 5th St, Austin, TX 78704
2411 S 5th StAustinTX78704
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/27
Property Description
Value Added Opportunity on a six unit apartment complex in the heart of Bouldin Creek. This six unit complex sits on a .349 acre tract with the engineering reports showing how an additional six units can be added to the tract to maximize the return for an investor. A full copy of the Architectural Feasibility Report can be requested under separate cover. Complex is currently leased with under market rental rates, so there is an upside for immediate increase in cash flow with the potential for value added increases in the future. With this outstanding location just blocks from the SoCo District and in the Bouldin Creek District, the opportunity to convert this complex to Short Term Corporate Rental for maximization of rental exists or to convert to Condominiums for sale of individual units. All facts to be confirmed by the buyer prior to closing.
Full Property Details
Full Property Details for 2411 S 5th St
General
- Price: $1,750,000
- Taxes: $17,224 (2023)
- Status: Active
- Type: Apartment
- MLS ID: 9030055
- Updated: 4/12/2024
- Added to Site: 48 day(s) ago
Interior
- Flooring: Carpet, Laminate
Additional Information
- Equipment: Dryer Connections, Washer Hookup
- Other Features: Storage
Parking
- Total Spaces: 10
- Parking Features: Gravel, Off Street, On Site, Parking Lot, Unassigned
- Parking Ratio: 2.2
Location
- Area: 6
- County: Travis
- Subdivision: Southwood Annex
- Driving Directions: From E Oltorf / IH 35, go west 1.6 miles then turn left at S 5th St. Drive 325 feet, building will be on your left.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Above Ground, Electricity Available, Internet-Cable, Natural Gas Available, Sewer Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Frame, HardiPlank Type
- Foundation: Slab
- Disability Access: None
- Square Feet: 4,760
- Current Bldg. Use: Investment, Multi-Family, Residential
- Year Built: 1960
- Property Condition: Resale
Additional Structures
- Other Structures: Storage
Lot Features
- Property View: City Lights, Trees/Woods
- Lot Size (Acres): 0.3487
- Lot Size (Sq. Ft.): 15,189.37
- Lot Size Source: Public Records
- Topography: Flat
- Zoning: MF-4
Financial Considerations
- Lot Price Per Sq. Ft.: $115.21
- Tax Amount: $17,224.03
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 0%
- Documents Avail.: Feasibility Study, Leases, Profit & Loss Statement, Rent Roll, Survey
- Inclusions: None
- Property ID: 4020404120000
Listed by Berkshire Hathaway TX Realty
Get Pre-Approved Today
Schools
Schools serving 2411 S 5th St
School District:Austin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
3001 S 1st St, Austin, TX 78704 | PK-5 | 0.6 mi | |
201 E Mary St, Austin, TX 78704 | 6-8 | 0.9 mi | |
1211 E Oltorf St, Austin, TX 78704 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2411 S 5th St
Date
Details
Price
Change
Source
3/10/2024
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2411 S 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,391
—
$952,000
8%
2022
$17,391
-2%
$880,600
8%
2021
$17,764
—
$816,096
2%
2020
$17,813
-3%
$800,000
8%
2020
$18,377
32%
$739,000
17%
2018
$13,904
31%
$633,000
2%
2016
$10,615
-33%
$621,300
31%
2017
$15,923
71%
$476,000
18%
2015
$9,290
3%
$404,600
6%
2014
$9,062
17%
$380,800
21%
2013
$7,738
—
$314,160
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2411 S 5th St
2411 S 5th St, Austin, TX 78704 (MLS# 9030055) is a Apartment property. 2411 S 5th St is currently listed for $1,750,000 and was received on March 10, 2024. Want to learn more about 2411 S 5th St? Do you have questions about finding other Apartment real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.