6300 Monsanto Dr - Apartments FOR SALE


Austin, TX 78741- Montopolis
$950,000 USD
512-767-4254
6300 Monsanto Dr, Austin, TX for Sale
$950,000 USD
Apartments - FOR SALE
1/11
null | 6.16% Cap Rate

6300 Monsanto Dr
Austin, TX 78741
Montopolis


HIGHLIGHTS

  • Built 1972, 2 stories, 12 surface parking spaces
  • Month to month Leases for flexibility
  • Long term Tenants
  • Minimal vacancy timeframes
  • 12 units assumed at $800/month average

OVERVIEW

Positioned in the rapidly evolving Montopolis submarket, 6300 Monsanto Dr is a stabilized 12-unit multifamily asset delivering durable, in-place income just minutes from Downtown Austin, Austin-Bergstrom International Airport, and major employment centers.? The property carries a track record of strong occupancy and minimal vacancy, supported by long-term tenants on flexible month-to-month leases.? A steady, cash-flowing foundation in one of Austin’s most centrally located neighborhoods, where rental demand continues to be fueled by proximity to downtown, Riverside, Tesla,and the airport.? Adding to the area's long-term growth story, the planned Dog's Head mixed-use development is expected to bring new residential, retail, and commercial investment to the immediate vicinity, further enhancing the neighborhood's appeal and momentum.? Beyond the in-place income, the asset offers a clear path to additional upside: current rents sit well below area comps.? The building is owner-managed and topped with a durable metal roof, reflecting consistent care and limited near-term capital needs.? With easy access to Hwy 71, US-183, and I-35, residents enjoy a convenient commute while remaining close to Lady Bird Lake, East Austin entertainment, and the Riverside corridor.? The surrounding area has experienced significant redevelopment activity, making this an attractive income-plus-upside or long-term hold opportunity in a high-growth Austin market.?

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

12

PRICE/UNIT

$79,167

CAP RATE

6.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monsanto Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,047 SF

ZONING

MF-2-NP

APN/PARCEL ID

285602

ASK ABOUT THIS PROPERTY

Brett SilvermanChristie's International Real EstateMore Info
512-767-4254

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

Brett SilvermanChristie's International Real EstateMore Info
512-767-4254

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