Property Details

• Price: $2,495,000
• Status: Active
• Property Type: Commercial
• Square Feet: 21,510

Description

Incredible location at an incredible rate! Assumable loan thru 2033 with approx. $1m balance at 3.57%. Improved occupancy and improved NOI month over month, this investment presents a rare opportunity to acquire a 24-unit multifamily community in the highly sought-after 78745 submarket of South Austin. The property delivers immediate in-place income with clear avenues to further drive revenue through operational improvements and strategic repositioning. An assumable loan option provides incoming ownership with financial flexibility and favorable debt terms, lowering the barrier to entry and enhancing returns. Located in one of Austin's fastest-growing corridors, 78745 benefits from strong population growth, robust new development, and a thriving mix of residential, retail, and entertainment uses--making it a proven destination for both renters and investors.

Features

• County: Travis
• County: Travis
• Area: 10N
• Subdivision: Fritts Add
• Directions: East on Mopac, exit at Manchaca, east along access road, right on Gillis Street, property on right
• Heating: See Remarks
• Floors: Tile, Vinyl
• Laundry: Dryer Hookup, ElectricDryer Hookup
• Disabled Features: None
• Accessibility: None
• Style: HardiPlank Type
• Is New Construction: No
• Construction/Exterior: HardiPlank Type
• Foundation: Slab
• Possession: Closing & Funding
• Water / Sewer: Public Sewer
• Water: Public
• Parking Description: Asphalt
• Lot Size in Acres: 0.434
• Buildings: 4
• Has Waterfront: No
• Other Utilities: Cable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available, Sewer Connected
• Property Type: COM
• Property SubType: Apartment
• Year Built: 1985
• APN: 04091001670000
• Status: Active
• Documents Available: Aerial

Location

Address: 4314 Gillis Street Austin, TX 78745

City: Austin, TX 78745