3802 Southway Dr - Apartments FOR SALE


Austin, TX 78704- South Lamar
$1,450,000 USD
512-360-8788
3802 Southway Dr, Austin, TX for Sale
$1,450,000 USD
Apartments - FOR SALE
1/21
null | 6.22% Cap Rate

3802 Southway Dr
Austin, TX 78704
South Lamar


HIGHLIGHTS

  • Exceptional opportunity in Austin's most coveted zip code -- 78704
  • Fully leased 4-unit townhome portfolio generating $120,480 in gross annual income
  • 4 townhome-style units, each 2 BD / 1.5 BA with in-unit stackable W/D and private fenced yard
  • Unmatched demand drivers -- South Congress, Bouldin Creek, and Lady Bird Lake all within minutes

OVERVIEW

Exceptional investment opportunity in Austin's most coveted zip code. This fully leased 4-unit townhome portfolio generates $119,460 in gross annual income at a 4.94% cap rate. 78704 offers unmatched demand drivers — South Congress, Bouldin Creek, and Lady Bird Lake are all within minutes. Low vacancy risk with strong rent growth fundamentals.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southway Flats 78704

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

310047

ASK ABOUT THIS PROPERTY

David AcevesRealty Austin CompassMore Info
512-360-8788

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

David AcevesRealty Austin CompassMore Info
512-360-8788

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