935 51St StAustin, TX 78751

Property Details for 935 51St St

Year built

2023

Property size (Sq ft)

3,099 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional 2-unit, 7-bedroom, 5.5-bathroom duplex in Austin, TX, presents a compelling investment opportunity. Built in 2023, this Class A property boasts 3,099 square feet on a 7,797 square foot lot, zoned SF-3. The property features high-end finishes including premium quartz countertops, black stainless steel touch-screen appliances, and a floor-to-ceiling walk-in pantry. Energy-efficient design elements such as double-sealed concrete floors, spray foam insulation, and tankless hot water heaters are incorporated throughout. Unit A offers 4 bedrooms, 3.5 baths, a ground-floor master suite with a private entrance and double carport, and over 250 square feet of private covered deck space. Unit B includes 3 bedrooms and 2.5 baths. Both units feature engineered hardwood stairs, expansive under-stair storage, and a multi-zoned Nest thermostat. Exterior amenities include a cedar fence, xeriscaped grounds, fresh Bermuda sod, and a brilliant LED exterior lighting package. Electric vehicle charging is also available. Currently vacant, this property offers a pro-forma cap rate of 5.10% and is ideally situated near the University of Texas, transportation routes, and the Mueller district. The asking price is $1,525,000, translating to $605.03 per square foot. This is a turnkey opportunity for owner-users or investors seeking a high-quality, high-return property in a prime Austin location.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3108

Longitude

-97.7126

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