Lynridge Apartments

Multi-Family for Sale
Catylist Listing ID: 30127542
Property Subtypes: Low-Rise/Garden
Number of Units: 22 Units
Building Size (RSF): 10,736 SF
Gross Land Area: 28,863 SF
Sale Price: $1,995,000
Unit Price: $90,681.82 Per Unit
Property Use Type: Investment
Building Name: Lynridge Apartments
Sale Terms: Cash to Seller
Average Occupancy Rate: 90
Last Updated: 7/15/2018

Overview / Comments

The Lynridge Apartments offer a stabilized investment with upside potential in the fast growing East Austin sub-market. There are 22 one bedroom units averaging 488 square feet. The location has close access to major traffic arteries and is less than a half mile to the HEB Grocery. With a pitched roof less than three years old, wood-look flooring, dishwashers, and on-site landlord-owned laundry facilities, the property is a good candidate for adding value in the future. Current profit statements and existing survey are readily available upon request.

Attachments & Media

Additional Details

Nearest MSA: Austin-Round Rock
County: Travis
Taxing Authority: Travis County Appraisal District
Tax ID/APN: 224236
Zoning: MF-3-NP GR-NP
Percent Occupied: 90%
Property Located Between: Manor Road and US Highway 290
Highway Access: U.S. Highway 183
Airports: Austin Bergstrom International
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1985
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Lot Frontage: 210
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOT 14 BLK A VINTAGE HILLS SEC 6

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,867 107,610 273,942
Median Age: 31.64 29.78 30.46
Households: 3,886 38,733 105,628
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.