724 Farm to Market 1626

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724 Farm to Market 1626

Austin, TX 78748
Asking Price
$3.10M
Asset Type
Multifamily
Class
Class B

What's Special

724 Farm to Market 1626 is located in South Austin, situated along a primary arterial road connecting the city to the rapidly growing suburbs of Buda and Manchaca. The surrounding neighborhood features a mix of established residential pockets and newer commercial developments, providing proximity to major retailers at Southpark Meadows and local dining options. Residents benefit from immediate access to Interstate 35 and MoPac Expressway, facilitating commutes to the central business district and the Tesla Gigafactory. The property is suited for mid-to-high density multifamily development aimed at a professional tenant base. This location attracts individuals and families seeking a suburban-urban balance with convenient regional connectivity. Typical residents include commuters working in Austin’s tech or manufacturing sectors and personnel from nearby healthcare facilities. The site supports garden-style apartments or build-to-rent configurations tailored to long-term occupancy within a high-growth transit corridor.

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NOI
$80,000
Cap Rate
2.58%
DSCR
0.43
Underwater
Cash-on-Cash
-11.19%
Monthly Payment
$15,337.109
Annual Cash Flow
$-104,045.303

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