1507 Pease Rd RD

Austin, TX, 78703

$4,000,000

$384 per ft²
$4,000,000
$384 per ft²
Active
Active
 - For Sale
carpenters-square
10,393 ft²
property_type
Commercial
calendar
Built 1948
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.
MLS® ID:
4237928
Listed:
4/13/22
Updated:
8/12/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Wood
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.46 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
1B
Taxes
$48721
Tax Frequency
per YEAR
Garage
No
Parking
Covered
View
Y
County
Travis
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
6/27/22
Price Change
$4,000,000
-9%

Courtesy of JBGoodwin REALTORS NW

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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2022 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 2:06 AM UTC, 8/12/22

 

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