109 Fisher St - Apartments FOR SALE


Elgin, TX 78621
$1,600,000 USD
512-820-1053
109 Fisher St, Elgin, TX for Sale
$1,600,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

109 Fisher St
Elgin, TX 78621


HIGHLIGHTS

  • 100% leased, immediate cash flow
  • Separately platted – sell, refi, or 1031 individually
  • Seller financing available with collateral
  • Rents $1,700–$1,800 (market $1,875+)
  • Strong rental demand, long-term upside

OVERVIEW

Maximize your portfolio's performance with this rare opportunity to acquire a fully leased, income-generating duplex portfolio in the rapidly expanding Austin MSA. Located at 109 Fisher Street in Elgin, this 8,334 SF multifamily assembly offers immediate cash flow with significant built-in equity. While currently generating strong returns with rents between $1,700 and $1,800, the property presents immediate upside potential with market rates trending north of $1,875. This strategic investment is designed for maximum flexibility; each unit is separately platted, allowing owners the unique ability to sell, refinance, or execute 1031 exchanges on individual units as needed. Situated just thirty minutes east of downtown Austin, Elgin is capturing the overflow of the region’s massive industrial and tech expansion. The property benefits from the area's robust rental demand and long-term appreciation, making it an ideal "buy and hold" asset with versatile exit strategies already in place. To further enhance this opportunity, seller financing is available with qualifying collateral, providing a streamlined path to ownership in one of Central Texas’s most consistent growth corridors. Do not miss the chance to secure a stabilized asset with high-yield potential and favorable financing terms. Contact Prolific Commercial today for a property memorandum and to schedule your private tour.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

436 SF

ZONING

-

APN/PARCEL ID

8713141,8732149,8732150

ASK ABOUT THIS PROPERTY

Robert SantosProlific Commercial RealtyMore Info
512-820-1053

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Robert SantosProlific Commercial RealtyMore Info
512-820-1053

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.