Seize a rare opportunity to own a multifamily property in the coveted Swede Hill neighborhood of East Austin. Swedish Hill Apartments is a 7-unit multifamily community built by the current owner in 1985. Convenient location within walking distance to UT, downtown, East Austin and the State Capitol with easy access North / South via I-35 and East / West via 15th St. Zoned LR-MU-NP which would allow for several development paths including residential, small-scale retail, professional office or pet services. Swedish Hill Apartments represents a compelling opportunity for investors and developers to secure a foothold in one of Austin's top performing neighborhoods. The current improvements provide holding income and / or the opportunity to remodel to increase rents. The lot's proximity to downtown and views make it an attractive immediate or long-term redevelopment option.
| MLS # | 6516695 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1985 |
| Days On Site | 77 |
| Listing Provided By | Muskin Elam Group LLC | Sally Burns |
| SQ Feet | 3,819 |
|---|---|
| Building(s) | 1 |
| Zoning | LR-MU-NP |
| Acreage | 0.14 |
| Property View | None |
| Cooling | Central Air |
|---|---|
| Heating | Varies by Unit |
| Flooring | Vinyl, Wood |
| Foundation Details | Slab |
|---|---|
| Topography | Flat |
| Construction Materials | Hardi Plank Type, Wood Siding |
| Parking Features | None |
|---|
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| List Aor | Austin Board Of Realtors |
|---|
| Property | 17395 |
|---|
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78702 |
| Area | 5 |
| Community Name | Rectors |
| Listing VS Median (in Rectors) | |
Price: $1,300,000 low | high Med: $1,092,000 sqft: 3,819 low | high Med: 2,727 $ / sqft: $340 low | high Med: $441 On site: 77 low | high Med: 57 | |
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78702 |
| Area | 5 |
| Community Name | Rectors |
| Listing VS Median (in Rectors) | |
Price: $1,300,000 low | high Med: $1,092,000 sqft: 3,819 low | high Med: 2,727 $ / sqft: $340 low | high Med: $441 On site: 77 low | high Med: 57 | |