1507 Pease Rd Road, Austin

$4,000,000

0 Bed
0 Bath
.46 Acre
0 Garage

Incredible investment opportunity in the Old Enfield Neighborhood. This area boasts some of Austin's oldest Colonial-style homes. This TEN-unit complex sits on 0.46 Acres as per county Tax Records. Property is within one mile of Nile and Windsor Road where some of the most expensive properties in Austin are located, and within walking distance to the Pease District Park which was bestowed a State Antiquities Landmark by the Texas Historical Commission. Building has recently been renovated. • LOCATION, LOCATION, LOCATION: Tremendous location close to shopping, downtown and the UT Campus. • NEW OWNER FLEXIBILITY: Multifamily investment OR individual condominium sales OR potential single-family site. Condominium Association ALREADY CREATED. • NEWLY RENOVATED INTERIOR AND EXTERIOR: Ownership spent over $291k on renovations with new leases. • Majority of units with washer/dryer and a shared laundry facility. • Rents are increasing 25% year over year according to CoStar. • Potential for land redevelopment given the stellar location.

Essential Information
MLS® #4237928
Price$4,000,000
Bathrooms0.00
Acres0.46
Year Built1948
TypeCommercial Sale
Sub-TypeMulti Family
StatusActive
Community Information
Address1507 Pease Rd Road
Area1B
SubdivisionEnfield C
CityAustin
CountyTravis
StateTX
Zip Code78703
Amenities
ParkingCovered
ViewNone
Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Interior
InteriorWood
HeatingCentral
Exterior
ConstructionBrick
Foundation

Brick/Mortar, Concrete Perimeter, Pillar/Post/Pier

Additional Information
Date ListedApril 14th, 2022
Days on Market163
Property History
Price Reduced from $4,400,000 to $4,000,000
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Property Listed by: JBGoodwin REALTORS NW

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 24th, 2022 at 11:46am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.