$2,500,000/mo

1409 Enfield RD, Austin, TX 78703

  • 8,664 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $289/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
Moreland Properties : (512) 480-0848
Listing Agent:
Sean Kubicek : (512) 826-1135
MLS ID:
3944958
  • Flooring: TileWood
  • A/C: Central Air
  • Heating: Central
  • Eco/Green Feature: NoneNone

This listing courtesy of Sean Kubicek, Moreland Properties

Location

Schools Nearby

M

Matthews Elementary School

906 W Lynn St, Austin, TX, 78703

Grades PK-6

0.37 miles away

A

Austin St Hospital

1111 W 6th St, Austin, TX, 78703

Grades 5-12

0.64 miles away

A

Austin St Hospital

1111 W 6th St, Austin, TX, 78703

Grades 5-12

0.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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