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Added 1 month ago

$2,500,000

1409 Enfield Rd, Austin, TX

Condo

For Sale

Listed price in listed location currency (USD).
$2,500,000

Added 1 month ago

00-20
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $42,926
Days Active 39
Approx. Age 1948
MLS® Number 3944958

Property Address: 1409 Enfield Rd, Austin, Texas

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number3944958
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1948
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

1409 Enfield Rd, Austin, TX

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