Description
Mixed-use 37 unit property for sale, newer construction (2018). Located near the intersection of Menchaca Road and West William Cannon. 23 commercial and 14 residential units, great high-end finished. Energy efficient and sustainably built, including: solar panels, EV chargers, community garden, rainwater collection tanks, and is Austin first ever mixed-use property to incorporate gray water recycling.
Rents are below market, and value-add can be achieved with strategic capital improvements to make use of unutilized areas of the property, as well as repurpose the garden. Utilities are not billed-back to tenants and are being paid by the landlord. Units are advertised with utilities included. A stabilized asset is 4.77% cap.
Location
Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Copyright © 2022 Austin Board of Realtors Updated: 23rd March, 2023 10:12 PM (UTC)
