1009 E 16TH STREET, AUSTIN, TX 78702
Homes for sale in Austin.
Homes for sale in 78702.
List Price$1,300,000
1009 E 16th Street
Austin, TX 78702
Listing #6516695
3,819
Square Feet
Commercial
Type
About This Property
Seize a rare opportunity to own a multifamily property in the coveted Swede Hill neighborhood of East Austin. Swedish Hill Apartments is a 7-unit multifamily community built by the current owner in 1985. Convenient location within walking distance to UT, downtown, East Austin and the State Capitol with easy access North / South via I-35 and East / West via 15th St. Zoned LR-MU-NP which would allow for several development paths including residential, small-scale retail, professional office or pet services. Swedish Hill Apartments represents a compelling opportunity for investors and developers to secure a foothold in one of Austin's top performing neighborhoods. The current improvements provide holding income and / or the opportunity to remodel to increase rents. The lot's proximity to downtown and views make it an attractive immediate or long-term redevelopment option.
Property Features
Location Information
County
Travis
Subdivision
Rectors
County
Travis
Directions
Heading East along E 15th St turn onto I-35 frontage road then first R into E 16th St
Area
5
Interior Features
Heating
Varies by Unit
Disabled Features
None
Floors
Vinyl, Wood
Accessibility
None
Exterior Features
Style
HardiPlank Type, Wood Siding
Topography
Level
Is New Construction
No
Lot Size in Acres
0.141
Construction/Exterior
HardiPlank Type, Wood Siding
Zoning
LR-MU-NP
Foundation
Slab
Buildings
1
Possession
Closing & Funding
Road Description
Paved
Water / Sewer
Public Sewer
Has Waterfront
No
Water
Public
Has View
No
Parking Description
None
View
None
Additional Information
Other Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
APN
02090610050000
Property Type
COM
Status
Active
Property SubType
Apartment
Documents Available
Aerial, Building Plans, Profit/Loss Statement, Rent Rolls
Year Built
1985
Similar Listings
Mortgage Calculator
$6,070
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,684
Monthly Tax
$1,083
Monthly Insurance
$303
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder