4507 E Martin Luther King Jr Blvd - Apartments CONDO FOR SALE


Austin, TX 78721- East MLK
$475,000 USD
512-736-3317
4507 E Martin Luther King Jr Blvd, Austin, TX for Sale
$475,000 USD
Apartments CONDO - FOR SALE
1/16
null | 6.6% Cap Rate

4507 E Martin Luther King Jr Blvd
Austin, TX 78721
East MLK


HIGHLIGHTS

  • PRICE REDUCED!!! 6.6% CAP. 5 YR LEASE CONTRACT. ALL SERIOUS OFFERS ARE WELCOME FOR CONSIDERATION! Very Heavy Car Traffic!

OVERVIEW

PRICE REDUCED!!! 6.6% CAP RATE LEASED RETAIL. EAST AUSTIN INVESTMENT. Unit B, currently offered for sale, is occupied by a well-established barbershop—an ideal tenant for this rapidly growing area. The lease has more than four years remaining, providing stable income for the next owner. The space features a generous layout with 12-foot ceilings, creating an open and inviting atmosphere. Unit A is also available for sale; please inquire for detailed information. Unit B includes three reserved parking spaces, with additional parking available on site. This is truly a one-of-a-kind, fully occupied retail opportunity in East Austin.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$408 USD /SF

CAP RATE

6.6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

14,544 SF

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

GR/MU/NP

APN/PARCEL ID

877682,877688

ASK ABOUT THIS PROPERTY

J PJSP Construction InvestmentMore Info
512-736-3317

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J PJSP Construction InvestmentMore Info
512-736-3317

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