1911 Lightsey Rd - Apartments FOR SALE


Austin, TX 78704- South Lamar
$1,700,000 USD
512-835-7368
1911 Lightsey Rd, Austin, TX for Sale
$1,700,000 USD
Apartments - FOR SALE
1/32
null | 4.53% Cap Rate

1911 Lightsey Rd
Austin, TX 78704
South Lamar


HIGHLIGHTS

  • Fully leased five-unit multifamily property with staggered lease expirations.
  • All units feature two-bedroom townhome-style floor plans with private outdoor areas.
  • Recent interior updates have been completed throughout the property.
  • Each residence includes a refrigerator, washer, dryer, and additional appliances.

OVERVIEW

5-unit apartment building in highly desirable 78704! All five units are 2-bedroom, 1.5-bath townhomes and are currently leased, with staggered lease expiration dates. Each unit features the same floor plan with recent updates, although finishes and improvements vary slightly by unit. All units include a refrigerator, washer, dryer, and other appliances. Each unit also offers a private outdoor space, including a small backyard and/or patio; sizes vary. Excellent investment opportunity in the heart of 78704 with potential for increased rental income. Buyer to verify eligibility and restrictions for short-term rental use.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

5

PRICE/UNIT

$340,000

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

MF-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Susan AlbertsonCitywide Realty and LocatingMore Info
512-835-7368

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Susan AlbertsonCitywide Realty and LocatingMore Info
512-835-7368

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