$2,500,000
For Sale

1409 Enfield Road

Austin, TX 78703
Browse 37 photos
Type:Purchase
Structure:Condo
Zone:Commercial

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.

  • Property Details
      • Utility FeaturesCable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Sewer Connected, Water Connected
      • Property ConditionUpdated Remodeled
      • FoundationPillar Post Pier
      • Sewer InformationPublic Sewer
      • Original List Price$2,500,000
      • SubdivisionEnfield B
      • Property SubtypeApartment
      • Property TypePurchase
      • Taxes Annual$42,926
      • MLS #3944958
      • Cost2500000
      • MLS #3944958
      • Acres0.2957
      • Utility SourcePublic
      • CountyTravis
      • Year Built1948
      • Days on Market (Cumulative)2

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