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$2,500,000
Est. payment /mo
8,664 SqFt
UPDATED:
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
Originating Board actris
Year Built 1948
Annual Tax Amount $42,926
Tax Year 2024
Lot Size 0.296 Acres
Acres 0.2957
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
Fireplace No
Exterior
Utilities Available Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected
View None
Total Parking Spaces 20
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Concrete,Frame
New Construction No
Others
Special Listing Condition Standard
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Listed by Moreland Properties