8 Plex for sale in Austin
8 PLEX FOR SALE IN SW AUSTIN
THIS WOULD BE A GREAT OPPORTUNITY FOR A TAX EXCHANGE AND OR FOR THOSE INVESTORS LOOKING TO BUY A PERFORMING PROPERTY WITH ROOM TO INCREASE RENTS WITH MINOR IMPROVEMENTS.
100% LEASED CURRENTLY.
CURRENT GROSS RENTS ARE $100K YEAR
* NOI IS $85K. (WILL BE RAISING RENTS AS THE LEASES COME UP OVER THE NEXT FEW MOS AND WILL RAISE THE GROSS YEARLY INCOME AND NOI EVEN HIGHER. AND THIS AREA IS ONLY GETTING BETTER AND THERE WILL BE ROOM FOR ADDITIONAL RENT INCREASES. THESE ARE ALL 2/1 - AND 900 SFT EACH UNIT.
VERY DESIRABLE AREA
THIS IS AN "B - C+" PROPERTY IN AN "A" AREA, AND THE COSMETIC UPDATES WILL BE COMPLETE WITHIN THE NEXT 45 - 60 DAYS....
*THIS PROPERTY IS NOT IN MLS.
*LOOKING FOR SERIOUS INVESTOR(S) WITH PROOF OF FUNDS AND A BANK STATEMENT IF YOUR INTERESTED.
AT A 6 CAP, THIS PROPERTY TO BE PRICED SOMEWHERE AT $1.3 - $1.4 Million
EMAIL ME WITH QUESTIONS AND I WILL PROVIDE THE DETAILS.
THANK YOU FOR READING.