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1009 E 16th Street
Austin, TX 78702
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
7-unit multifamily community walking distance to downtown Austin <ul><li>Strong Rental Demand - Supported by proximity to UT, East Austin, Downtown and other employment centers</li><li>LR-MU-NP - This is Limited Retail zoning combined with Mixed Use overlay which would allow for several development paths including residential, small scale retail, professional offices or pet services.</li><li>Affordable Rents - Well below the Austin metro average</li><li>Austin Beginning to Rebound - Multifamily constructions starts at 10 year low. Austin boasts the lowest
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
