1409 Enfield RD, Austin, TX 78703
- 8,664 sqft
Rental
Built in 1948
0.3acre lot
—— car garage
$289/sqft
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
Matthews Elementary School
906 W Lynn St, Austin, TX, 78703
Grades PK-6
0.37 miles away
Austin St Hospital
1111 W 6th St, Austin, TX, 78703
Grades 5-12
0.64 miles away
Austin St Hospital
1111 W 6th St, Austin, TX, 78703
Grades 5-12
0.64 miles away