For Sale

Rio Flats

2822 Rio Grande St | Austin, TX 78705-3405, US

price$4,750,000
property typeCommercial Sale
year built2015

highlights

Situated on Rio Grande St between Lamar & Guadalupe just minutes from UT Austin
Located in the University Neighborhood Overlay
Significant upside in income with tenant backfill
Spacious custom designed units with modern finishes
9 total units - 8 three bedroom & 1 two bedroom
3 distinct floor plans
Ample ground level parking on property

property
details

STATUSActive
SALE PRICE PER UNIT$4,750,000
YEAR BUILT2015
PROPERTY TYPECommercial Sale
BUILDING SIZE9,331 SF
LOT SIZE0.3054 acres
CAP RATE4.06%
SALE PRICE$4,750,000
STORIES3
OCCUPANCY %44%
ZONINGMF-4-ETOD-DBETOD-NP
DAYS ON MARKET213

property
description

Introducing a prime opportunity for multifamily investors: a meticulously crafted 9, 331 SF building boasting 9 units, ideally positioned in the thriving West Campus area of Austin. Built to exacting standards in 2015, this property offers modern design and functionality to cater to the discerning tenant. Zoned MF-4-ETOD-DBETOD-NP and situated within the the University Neighborhood Overlay, it presents a versatile canvas for development and expansion. The property's strategic location ensures seamless access to the city's amenities and attractions while providing a serene retreat for residents. With a strong rental market and a track record of robust demand, this investment promises a compelling blend of luxury living and lucrative returns.

location
description

2822 Rio Grande St | Austin, TX 78705-3405, US

Discover the vibrant surroundings of the property nestled in the heart of Austin, TX. This prime location offers unparalleled access to an array of amenities, from renowned dining establishments to upscale shopping destinations. Just moments away, the University of Texas at Austin creates a dynamic backdrop, fostering a hub of innovation and talent. Nearby, the scenic Lady Bird Lake provides an idyllic escape for outdoor pursuits. With easy access to major thoroughfares and a thriving business community, the area presents a compelling opportunity for office building investors seeking a strategic foothold in one of the nation's most dynamic and entrepreneurial cities.

Jason Hellberg

Jason Hellberg

TX #683338
(832) 315-1914

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