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708-800 S 1st St
Austin, TX 78704 South

$5,000,000 USD

Multifamily For Sale • 10,000 SF

Property Details

Property Type Multifamily
Total Building Size 10,000 SF
Lot Size 1 AC
Building Class C
Year Built 1981
Cap Rate 7.00 %
Tenancy Multiple

60 Transit Score

80 Walk Score

Description

STUNNING PRIME LOCATION. Money maker. Eight unit complex perched atop booming south 1st street .Two minutes walking distance to the heart of it all yet private and serene. Currently an operating vacation rental business with city license and permits . Ideal opportunity to own two quadruplex's  with stainless steel appliances, Romeo and Juliet balconies and private backyards. Each unit is approximately 1000 sq ft . Walk five minutes to South Congress , Lady Bird Lake hike & bike trails, shops, boutiques and restaurants. Unique use and investment possibilities!

                
                    Highlights
                
                                Money Maker
                            
                                Three blocks from Downtown Austin
                            
                                Three blocks from Lady Bird Lake

Property Flyers

flyer_708_south_1_st_street (1)

Financial Summary (Proforma)

Net Operating Income: $350,000 USD (2023)

Cap Rate:

7.00 %

Amenities

Air Conditioning
Balcony
Cable Ready
Courtyard
Dishwasher
Disposal
Fireplace
Microwave
Picnic Area
Storage Space
Washer/Dryer
Corporate Suites
Heating
Walking/Biking Trails
Ceiling Fans
Kitchen
Granite Countertops
High Speed Internet Access
Refrigerator
Stainless Steel Appliances
Range
Yard
Dining Room
Family Room
Garden
Pantry
Patio
Porch
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Austin (Texas Eagle - Amtrak)	4 min	-	1.6 mi
Airport	Drive	Walk	Distance
Austin-Bergstrom International	24 min	-	10.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Dominique Davalos 512-965-7790 Coldwell Banker Realty

708-800 S 1st St Austin, TX 78704 South