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$5,400,000
290 Days Online

4127 E 12th Street
Austin, TX 78721

For Sale|Multi-Family|Active
Subdivision:
Springdale Commons
County:
Travis
4127 E 12th Street4127 E 12th Street4127 E 12th Street4127 E 12th Street
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Monthly Payment (Est.)

$24,637
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Introducing an exciting investment opportunity in the up-and-coming East Austin area! Springdale Commons is the latest development from Austin's premier green builder, Fortunate Foundations. Consisting of eight units, this unique complex is perfectly positioned to capitalize on the area's growth and potential. Expected completion date August 2023. Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residents alike. With its vibrant arts scene, trendy restaurants, and proximity to downtown, East Austin is quickly becoming one of the most sought-after neighborhoods in the city. The complex itself boasts 8 energy-efficient units across 3 buildings enveloped in continuous thermal and noise-insulating foam. These modern, eco-friendly features not only provide residents with a comfortable and tranquil living experience but also contribute to reduced energy costs and a smaller carbon footprint. One of the unique advantages of this property is its commercial zoning, allowing for the allocation of two units specifically designated for short-term rentals (STRs). With the increasing popularity of Austin as a tourist destination, STRs present an excellent opportunity to maximize your investment returns. Buyer to verify. As you evaluate the financials, rest assured that this property offers a competitive Cap Rate of 4.6% and an impressive ProForma Cap Rate of 5.8%. Perform a thorough analysis of the projected rental income from long-term leases, as well as the potential income from the designated STR units. Don't miss your chance to be part of the East Austin growth story. This multi-family complex presents an ideal blend of location, energy efficiency, and investment potential. Contact us today to secure your place in this thriving community and start reaping the benefits of this exceptional opportunity.

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Listing Snapshot
Price 
$5,400,000
Days Online 
290 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,444 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5743 Acres
Year Built 
2023
MLS® Number 
9392592
Status 
Active
Property Tax 
$56,028
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoStatus changed to Active
2 months agoStatus changed to Active Under Contract
7 months agoPrice changed to $5,400,000
8 months agoPrice changed to $5,550,000
See 1 more
General Features
Construction 
FrameGlassConcrete
Parking 
CoveredOpen
Parking Spaces 
13
Sewer 
Public Sewer
Acreage 
0.5743
Water 
Public
Security 
Fire AlarmFire Sprinkler System
Property Sub Type 
Multi Family
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Foundation 
Slab
Listing Conditions 
Standard
Property Condition 
New Construction
Interior Features
Cooling 
Central Air
Heating 
Central
Flooring 
CarpetTileWood
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Exterior Features
Waterfront Property 
No
Other Structures 
None
Community Features
Community Features 
Sidewalks
MLS Area 
5
Security Features 
Fire AlarmFire Sprinkler System
Listing courtesy of Keller Williams Realty (512) 439-8797


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Data last update - 2024-04-27 05:35 PM CDT

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Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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