Seize a rare opportunity to own a multifamily property in the coveted Swede Hill neighborhood of East Austin. Swedish Hill Apartments is a 7-unit multifamily community built by the current owner in 1985. Convenient location within walking distance to UT, downtown, East Austin and the State Capitol with easy… Read More access North / South via I-35 and East / West via 15th St. Zoned LR-MU-NP which would allow for several development paths including residential, small-scale retail, professional office or pet services. Swedish Hill Apartments represents a compelling opportunity for investors and developers to secure a foothold in one of Austin's top performing neighborhoods. The current improvements provide holding income and / or the opportunity to remodel to increase rents. The lot's proximity to downtown and views make it an attractive immediate or long-term redevelopment option. Read Less
Property listed by Muskin Elam Group LLC 512-343-2700 (512) 343-2700
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Square Ft.
3,819
Lot Size
0.14 Acres
Year Built
1985
MLS Number
6516695
Additional Details
Building
Built in 1985, 3819 total building sqft, Multi Tenant, No Loading, Hardiplank Type, Wood Siding
Expenses
Operating Expense: $40,000
Floors
Vinyl, Wood
Foundation
Slab
Heating
Varies By Unit
Income
Gross Scheduled Income: 86640, Net Operating Income: 46870
Lot
0.1407 acres, Area: 0.1407, Flat
Property
Single building, Resale, Topography: Level
Sewer
Public Sewer
Taxes
Annual Amount: $17,395, Year: 2025
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Listings courtesy of the Austin Board of REALTORS® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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