HIGHLIGHTS
- Six 1BR/1BA units totaling ±4,800 SF with a uniform ±800 SF floor plan across all apartments.
- Current scheduled rent totals $5,525/month ($66,300 annually) providing immediate in-place cash flow.
- 12.2% rent upside — market rent projected at $6,200/month vs. current $5,525/month.
- Acquisition at $795,000 equates to $165.63/SF and $132,500 per unit.
- NOI grows from historical $26,034 to $39,676.50 in Year 1 (adjusted) at stabilized rents.
- Desirable Central Austin infill submarket with limited six-unit multifamily inventory.
FOR SALE DETAILS
PRICE
$795,000 USD
PRICE/SF
$245 USD /SF
# OF UNITS
6
PRICE/UNIT
$132,500
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Woodrow Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1983
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,251 SF
ZONING
-
APN/PARCEL ID
228829
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361-944-4747
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361-944-4747
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