1507 Pease Rd Road, Austin, TX
Incredible investment opportunity in the Old Enfield Neighborhood. This area boasts some of Austin's oldest Colonial-style homes. This TEN-unit complex sits on 0.46 Acres as per county Tax Records. Property is within one mile of Nile and Windsor Road where some of the most expensive properties in Austin are located, and within walking distance to the Pease District Park which was bestowed a State Antiquities Landmark by the Texas Historical Commission. Building has recently been renovated. • LOCATION, LOCATION, LOCATION: Tremendous location close to shopping, downtown and the UT Campus. • NEW OWNER FLEXIBILITY: Multifamily investment OR individual condominium sales OR potential single-family site. Condominium Association ALREADY CREATED. • NEWLY RENOVATED INTERIOR AND EXTERIOR: Ownership spent over $291k on renovations with new leases. • Majority of units with washer/dryer and a shared laundry facility. • Rents are increasing 25% year over year according to CoStar. • Potential for land redevelopment given the stellar location.
Facts & Features
|Address||1507 Pease Rd Road|
|Utilities||Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected|
|Foundation||Brick/Mortar, Concrete Perimeter, Pillar/Post/Pier|
|RE / Bank Owned||No|