3405 Cedar St - Apartments FOR SALE


Austin, TX 78705- North University
$2,500,000 USD
512-777-0205
3405 Cedar St, Austin, TX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/57
null | 5% Cap Rate

3405 Cedar St
Austin, TX 78705
North University


HIGHLIGHTS

  • Built in 2021 and fully furnished, offering a rare, low-maintenance opportunity.
  • Minutes from The University of Texas at Austin
  • Projected gross rent for 2025 is $14,000/mo, based on current management & leasing structures for 6 bed/6 bath, 3 bed/2.5 bath & 1 bed/1 bath units

OVERVIEW

Turnkey investment in prime North University location. Investor-ready and built in 2021, this fully furnished triplex in North University offers a rare, low-maintenance opportunity just minutes from the University of Texas at Austin. Designed for optimal rental income, the property consists of three separate units: a 6 bed/6 bath, a 3 bed/2.5 bath, and a 1 bed/1 bath—perfectly suited to the needs of student tenants. Projected gross rent for 2025 is $14,000/month, based on current management and leasing structures. Owner is in process of leasing all units. Professional-grade finishes and stylish furnishings throughout that appeal to students seeking move-in-ready housing. The property also features ample parking for 6 vehicles, a rarity in the area. With proximity to campus and strong rental demand, this is a high-yield, low-hassle addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$600 USD /SF

# OF UNITS

3

PRICE/UNIT

$833,333

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3405 Cedar Street, Austin, TX 78705

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

212972

ASK ABOUT THIS PROPERTY

Tammy YoungCompass RE Texas, LLCMore Info
512-777-0205

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Tammy YoungCompass RE Texas, LLCMore Info
512-777-0205

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