1409 Enfield RD new Save Request In-Person Tour Request Virtual Tour
Austin,TX 78703
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,664 sqft
Price per Sqft $288
Subdivision Enfield B
MLS Listing ID 3944958
Year Built 1948
Annual Tax Amount $42,926
Tax Year 2024
Lot Size 0.296 Acres
Property Sub-Type Apartment
Property Description
10-unit infill apartment community at the corner of Enfield and Marshall Lane in Clarksville. Rare and well-maintained offering - this property is walking distance to all things Clarksville, Downtown, Whole Foods, Lady Bird Lake, etc. Long history of 100% occupied building with very little turnover or down time between tenants. Low maintenance exterior featuring block and brick. Net Operating Income is $109,000. Top line recurring rental revenue based on April 2025 rent roll (attached) is over $200k/annually. All units are separately metered for all utilities including individual water meters. Many improvements over the past five years including new roof 2 years ago; and several full HVAC and water heater replacements. Detailed financials available to serious buyers. Future exit options include further updating/improvements to existing units; potentially adding additional units; re-developing the property, or condo regime formation of the current units. Priced at just $250k/door for a performing, high-quality building with lots of room for future upside, this is a rare and timely opportunity that features high-quality, stable tenants and cash-flow.
Location
State TX
County Travis
Zoning MF-3
Interior
Heating Central
Cooling Central Air
Flooring Tile,Wood
Exterior
Utilities Available Electricity Connected,High Speed Internet,Natural Gas Connected,Sewer Connected,Water Connected
View None
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Concrete,Frame
New Construction No
Others
Special Listing Condition Standard