2411 S 5TH STREET, AUSTIN, TX 78704
Homes for sale in Austin.
Homes for sale in 78704.
2411 S 5th Street
Austin, TX 78704
List Price$1,550,000
Listing #4617636
4,760
Square Feet
Commercial
Type
About This Property
This is the kind of asset in Bouldin Creek that has strong upside .35 acres zoned MF 4, sitting less than two miles from downtown Austin in one of 512's most land-constrained neighborhoods.The play here is straightforward: collect rent today, capture upside tomorrow. Current rents are running well below market on a mix of four 1BD/1BA and two 2BD/1BA units - meaning a new owner can generate immediate returns through light renovation and a rent reset, or simply hold and let the land appreciate while Austin's density pressure does the work. The land story is real. MF-4 zoning allows 6+ additional units with height up to 60 feet. Feasibility study on hand to get an idea of potential yields. Whether you're a private investor looking for a stabilized Bouldin Creek hold, a developer eyeing a ground-up play, or a 1031 buyer needing a low-friction close - this checks the box.
Property Features
Location Information
County
Travis
Subdivision
Southwood Annex
County
Travis
Directions
Take I-35 to the Oltorf St. exit head North on Oltorf St. to S. 5th Street turn Left. Building 2411 S. 5th St. is on the left. Park in the back parking lot. Units are marked above the doors. 2nd floor unit in the middle.
Area
6
Interior Features
Heating
Central
Disabled Features
None
Floors
Tile, Vinyl
Accessibility
None
Laundry
Washer Hookup, Dryer Hookup
Exterior Features
Style
Brick
Topography
Level
Is New Construction
No
Lot Size in Acres
0.349
Construction/Exterior
Brick
Zoning
MF-4
Foundation
Slab
Buildings
1
Possession
Close Of Escrow
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Parking Description
Asphalt, Off Street, Outside, See Remarks, Unassigned
Additional Information
Other Utilities
Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
APN
2411 S. 5th Unit 2
Property Type
COM
Status
Active
Property SubType
Multi Family
Documents Available
Feasibility Study, Lease, See Remarks, Survey
Year Built
1960
Similar Listings
Mortgage Calculator
$7,237
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,585
Monthly Tax
$1,291
Monthly Insurance
$361
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
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