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: 100
Last Updated: 10/18/2017

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 a year 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: 100%
Property Located Between: Manor Road and US Highway 290
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
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Lot Frontage: 247
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
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