5210 Woodrow Ave
About this property
Unique covered land opportunity in the heart of central Austin. Ideal for builders looking for small MF development and recent zoning changes should allow three-unit residential on the property (SF-3 zoning). Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516 in NOI ($4,800 per month) and offer income while plans are being processed (6.51% cap rate). Home is being marketed as a tear down.
About this property
Unique covered land opportunity in the heart of central Austin. Ideal for builders looking for small MF development and recent zoning changes should allow three-unit residential on the property (SF-3 zoning). Current architectural plans for single-family home plus ADU convey with the sale. Two leases have been secured for a projected $45,516 in NOI ($4,800 per month) and offer income while plans are being processed (6.51% cap rate). Home is being marketed as a tear down.
Features and Additional Information
Baths
Presented By Coldwell Banker Commercial Gateway
Area Information
5 | Travis County | Broadacres
Schools in the Area
-
turned_in
Elementary SchoolBrentwood
-
turned_in
Middle SchoolLamar (Austin ISD)
-
turned_in
High SchoolAustin
Want to See More Listings in the Area?
Brokerage: John P. Cummings Jr.
