4127 E 12th Street, Austin, TX

$5,400,000

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0.57

Acres

About 4127 E 12th Street

Introducing an exciting investment opportunity in the up-and-coming East Austin area! Springdale Commons is the latest development from Austin's premier green builder, Fortunate Foundations. Consisting of eight units, this unique complex is perfectly positioned to capitalize on the area's growth and potential. Expected completion date August 2023. Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residents alike. With its vibrant arts scene, trendy restaurants, and proximity to downtown, East Austin is quickly becoming one of the most sought-after neighborhoods in the city. The complex itself boasts 8 energy-efficient units across 3 buildings enveloped in continuous thermal and noise-insulating foam. These modern, eco-friendly features not only provide residents with a comfortable and tranquil living experience but also contribute to reduced energy costs and a smaller carbon footprint. One of the unique advantages of this property is its commercial zoning, allowing for the allocation of two units specifically designated for short-term rentals (STRs). With the increasing popularity of Austin as a tourist destination, STRs present an excellent opportunity to maximize your investment returns. Buyer to verify. As you evaluate the financials, rest assured that this property offers a competitive Cap Rate of 4.6% and an impressive ProForma Cap Rate of 5.8%. Perform a thorough analysis of the projected rental income from long-term leases, as well as the potential income from the designated STR units. Don't miss your chance to be part of the East Austin growth story. This multi-family complex presents an ideal blend of location, energy efficiency, and investment potential. Contact us today to secure your place in this thriving community and start reaping the benefits of this exceptional opportunity.

Features of 4127 E 12th Street

MLS® # 9392592
Price $5,400,000
Bathrooms 0.00
Acres 0.57
Year Built 2023
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 4127 E 12th Street
Area 5
Subdivision Springdale Commons
City Austin
County Travis
State TX
Zip Code 78721

Amenities

Utilities Electricity Connected, Sewer Connected, Water Connected
Features Sidewalks
Parking Covered, Open
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Tile, Wood
Heating Central
Fireplace No

Exterior

Construction Concrete, Frame, Glass, HardiPlank Type
Foundation Slab

Additional Information

Date Listed July 12th, 2023
Days on Market 276
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty
Contact Info(512) 439-8797

Listing Map

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