5420 Middle Fiskville RdAustin, TX 78751

Property Details for 5420 Middle Fiskville Rd

Year built

1969

Construction

WOOD FRAME

Lot size

0.23 AC

Property size (Sq ft)

6,720 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

225101703

APU

225101703

Description

This exceptional 16-unit apartment building, located at 5420 Middle Fiskville Rd, Austin, TX 78751, presents a compelling investment opportunity. Boasting 6,400 square feet of total space and 5,760 square feet of net rentable area, the property is priced at $1,600,000, translating to $277 per square foot and $100,000 per unit. Classified as a Class C multifamily property, it offers significant redevelopment potential and a high growth opportunity in a highly sought-after infill location within Travis County. The property's classic units present a valuable opportunity to complete renovations, enhancing their appeal and increasing cash flow. The current rental market dynamics, characterized by high demand and limited available development land, create a clear rent-versus-own proposition, attracting tenants seeking long-term stability. The asking price reflects the necessary capital expenditures for exterior renovations. This irreplaceable real estate asset is offered at a discount compared to past sales of comparable properties, factoring in the required exterior improvements. The North Loop neighborhood's high rental rates further underscore the property's strong investment potential. This is a unique chance to acquire a multifamily property in a prime Austin location with substantial upside.

• CAP approach

  CAP return

  Valuation

  6%

  $2,995,988

  6.5%

  $2,765,528

  7%

  $2,567,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,118,446

  Geo Method

  $3,118,446

• Alternative Use

  Use

  Valuation

  Residential

  $2,765,528

  Hospitality

  $2,533,209

  Educational

  $2,107,600

  Medical

  $2,180,084

  Retail

  $3,278,489

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3172

Longitude

-97.7146

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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