What is the best area in Austin to do multiunit investment? Do properties older than year build 2000 considered too old to invest? What are the things which need to watch out for while investing in such properties ? Any advise would help !
Hi @Geeta Sharma ! Most multi-family properties in the Austin area were built in the 1960’s to 1980’s, with a smaller percentage built in the 1990’s and 2000’s. Most of them will be found in Austin and Round Rock as those were the biggest communities back in that era.
@Geeta Sharma my duplex in east austin is from 1987, my sfh w/adu was built in the 40's and the ADU added in 2000. I sold the sfh in 2020 for a large profit.