4903 Merritt Cir - Apartments FOR SALE


Austin, TX 78744- Franklin Park
$540,000 USD
512-743-7885
4903 Merritt Cir, Austin, TX for Sale
$540,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

4903 Merritt Cir
Austin, TX 78744
Franklin Park


HIGHLIGHTS

  • Two-story office building with masonry construction
  • Atrium feature enhances natural light and aesthetics
  • Conferencing facilities available for tenant use
  • Controlled access and on-site property management
  • Parking ratio of 3.4 spaces per 1,000 SF
  • Convenient access to public transportation via bus line

OVERVIEW

Discover a well-maintained quadruplex located in the Peppertree Park neighborhood of Southeast Austin, presenting a strong income-producing opportunity. The building comprises four units, each featuring two bedrooms and one bathroom. With recent updates and an attractive layout for long-term tenants, this property is ideally positioned to generate steady rental income. The site spans approximately 0.23 acres and provides off-street parking for residents. Each unit includes central air and heating, individual laundry connections, and practical living spaces to accommodate tenant needs. The property’s income potential is enhanced by a floor plan that appeals to a broad renter demographic. Strategically located within minutes of Interstate 35 and major thoroughfares, the property offers short commutes to Downtown Austin and Austin-Bergstrom International Airport. Nearby schools, parks, and the rapidly developing Southeast Austin corridor increase the property’s desirability for tenants seeking convenience and accessibility. This asset represents a compelling investment with cash flow in place and additional upside through potential rent adjustments or value-add improvements.

FOR SALE DETAILS

PRICE

$540,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

4

PRICE/UNIT

$135,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

760902

ASK ABOUT THIS PROPERTY

Jeremy KunzingerAustin Homes Team/ Austin Property ManagementMore Info
512-743-7885

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Jeremy KunzingerAustin Homes Team/ Austin Property ManagementMore Info
512-743-7885

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