7929 Gault StAustin, TX 78757

Property Details for 7929 Gault St

Year built

1968

Construction

WOOD FRAME

Lot size

0.66 AC

Property size (Sq ft)

19,902 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

237101008

APU

237101008

Description

Crest Haus, a 25-unit apartment building in Austin, Texas, presents a compelling investment opportunity. This stabilized, Class C multifamily property boasts 19,790 square feet of net rentable space and currently enjoys a 93% occupancy rate as of December 31, 2023. Situated on a 0.66-acre lot (APN 240380) at 7929 Gault St, Austin, TX 78757, the property features a single, two-story building constructed in 1968 and extensively renovated in 2023. The recent $1.3 million renovation included a complete exterior overhaul (new paint, signage, landscaping, parking lot resurfacing, courtyard turf, windows, exterior doors, HVAC units, water heaters, and light fixtures) and a comprehensive interior upgrade to all 25 units. Interior renovations feature luxury finishes such as vinyl plank flooring, porcelain tile, stainless steel appliances (including gas stoves and range hoods), modern cabinetry, quartz countertops, tile backsplashes, copper rewired kitchens, and updated bathrooms. The property's MF-4-NP zoning allows for multifamily use. Its prime location in North Central Austin offers residents convenient access to major employment centers, including downtown Austin, The Domain, Mueller, and the University of Texas, all within a 10-minute commute. Proximity to the North Lamar corridor, North Lamar Transit Center, and major thoroughfares (I-35, Mopac, and Highway 183) ensures excellent accessibility throughout the Austin metro area. This fee-simple ownership offers a strong return on investment in a thriving Austin market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,847,266

  6.5%

  $7,243,630

  7%

  $6,726,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,235,613

  Geo Method

  $9,235,613

• Alternative Use

  Use

  Valuation

  Residential

  $7,243,630

  Hospitality

  $6,635,126

  Educational

  $5,520,348

  Medical

  $5,710,200

  Retail

  $8,587,207

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.351

Longitude

-97.7175

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].