1010 Meadows DrAustin, TX 78758

This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 1010 N Meadows Dr, Austin, TX 78758, in Travis County. Built in 1969, this single-story Class B property boasts a total of 8,766 square feet, with 3,173 square feet of net rentable space. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $34,511, representing a 3.75% capitalization rate. Pro forma projections indicate a potential NOI of $40,000 and a 4.35% cap rate, suggesting significant upside potential. Each of the four units is priced at $230,000, with the entire property listed at $920,000, or $104.95 per square foot. This stabilized, owner-user investment is ideal for both seasoned investors and those seeking a hands-on approach to real estate ownership. The property's strong performance and location in the thriving Austin market make it a compelling investment prospect. The property's current condition and high occupancy rate offer immediate cash flow, while the pro forma projections suggest room for growth and increased profitability. This is a rare opportunity to acquire a well-positioned multifamily asset in a highly desirable Texas market.