2421 W Slaughter Ln - Multi-Family FOR SALE


Austin, TX 78748- Slaughter Creek
$2,295,000 USD
979-575-1148
2421 W Slaughter Ln, Austin, TX for Sale
$2,295,000 USD
Multi-Family - FOR SALE
1/18
null | 7.42% Cap Rate

2421 W Slaughter Ln
Austin, TX 78748
Slaughter Creek


HIGHLIGHTS

  • Tenant Occupied for $19,000/mo
  • Close Proximity to Downtown Austin
  • No HOA
  • Low Supply, High Demand area - Very few multifamily available for sale
  • Multiple exit strategies, 4plexes can be sold individually
  • Minimal Maintenance due to majority CapEx completed

OVERVIEW

100% Occupied, TurnKey 12plex (updated pics to come as we wrap up renovations) -3 separate fourplexes. Can be bought individually or all together. -10 miles from downtown Austin in high demand area. Very few 4plexes of apartments available for sale. Seller will guarantee 100% occupancy upon change of ownership. 4 units getting $1,700/mo. 2 units getting $1,600/mo. 1 unit getting $1,500/mo. Remaining 5 units to be leased within next 6 weeks at $1,500+/mo. . New roofs on all buildings July 2026. (architectural shingles with transferrable warranty) Newly painted fascia, soffit, siding, and consistent landscaping. 7 HVACs are ~5 yrs old. 5 other HVACs ~10 yrs old. All water heaters ~10+ yrs old. No leaks, and all appliances working well. No immediate maintenance/repairs needed. All units completely renovated, included but not limited to: brand new interior paint (walls, trim, frames, baseboards, cabinets), new doors, new trim, new bath vanities, all new quartz kitchen and bath countertops, new sinks, new plumbing faucets, new stainless steel appliances, new fans, new door hardware, new exterior LED lights, new interior fixtures, new cabinet hardware, etc. Every unit is on separate meters and tenants pay all bills/utilities their own. No HOA. Owner pays lawn care and common area lights. All appliances convey with the sale. (Fridge and kitchen appliances. No W/D on property but W/D connections present on all units) Operating Expenses of $15,600 represents only annual insurance ($12k) and lawncare/common area electric ($300/mo). Property management company can be put in place for 8%. Seller is selling property to move money to larger investment.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

12

PRICE/UNIT

$191,250

CAP RATE

7.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cashflow 12 Unit - Central Texas

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

344779

ASK ABOUT THIS PROPERTY

Ruchi MithalRuchi Mithal, BrokerMore Info
979-575-1148

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

Ruchi MithalRuchi Mithal, BrokerMore Info
979-575-1148

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