TX > Austin > Enfield B
Austin, TX 78703,1409 Enfield RD
Austin, TX 78703,1409 Enfield RD
Austin, TX 78703,1409 Enfield RD
Austin, TX 78703,1409 Enfield RD
Austin, TX 78703,1409 Enfield RD
Austin, TX 78703,1409 Enfield RD
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Bridgett C Lee

Bridgett C Lee

+1(512) 669-8347
$ 2,500,000
Est. payment | /mo

8,664 SqFt

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$ 2,500,000
Est. payment | /mo
Save

8,664 SqFt

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 8,664 sqft

Price per Sqft $288

Subdivision Enfield B

MLS Listing ID 3944958

Originating Board actris

Year Built 1948

Annual Tax Amount $42,926

Tax Year 2024

Lot Size 0.296 Acres

Acres 0.2957

Property Sub-Type Apartment

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.

Location

State TX

County Travis

Zoning MF-3

Interior

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplace No

Exterior

Utilities Available Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Water Connected

View None

Total Parking Spaces 20

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Structure Type Block,Brick,Concrete,Frame

New Construction No

Others

Special Listing Condition Standard

Listed by Moreland Properties
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1409 Enfield RD