1711 Enfield RdAustin, TX 78703

Property Details for 1711 Enfield Rd

Year built

1985

Construction

WOOD FRAME

Lot size

0.28 AC

Property size (Sq ft)

7,321 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

111041901

APU

111041901

Description

This exceptional investment opportunity presents a 10-unit multifamily property situated at 1711 Enfield Rd, Austin, TX 78703, within the desirable Clarksville neighborhood. The property, built in 1985, encompasses a 0.276-acre lot and features a 7,321 to 7,821 square foot building spread across three stories. Currently configured as five one-bedroom, one-bathroom units on the ground floor and five one-bedroom, one-bathroom units with lofts on the second floor, this property offers significant upside potential. The existing structure boasts high ceilings (10 feet on the first floor and 9-17 feet on the second), abundant natural light, and high-end finishes. A framed unit serves as proof of concept for converting the second-floor units into two-story, two-bedroom, two-bathroom units, or adding five additional one-bedroom, one-bathroom units to a fully developed third floor, leveraging the existing attic space. The property includes 1.5 covered parking spaces per unit. The MF-3-NP zoning allows for multifamily use. This property is ideal for a multifamily investor or condo conversion specialist seeking to capitalize on the strong Austin real estate market and favorable Texas tax laws. The current occupancy rate is 40%. The building size is approximately 7,321 square feet, plus an additional 500 square feet of usable attic space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,263,933

  6.5%

  $3,012,862

  7%

  $2,797,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,397,343

  Geo Method

  $3,397,343

• Alternative Use

  Use

  Valuation

  Residential

  $3,012,862

  Hospitality

  $2,759,765

  Educational

  $2,296,092

  Medical

  $2,375,058

  Retail

  $3,571,699

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2838

Longitude

-97.7614

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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