Gold Tier Real Estate is proud to present a value-add multifamily asset with close proximity to the University of Texas at Austin and Downtown Austin. With a total of 23 beds, 22 baths, and 16 garage spaces, this property is unique in nature and possesses unlimited potential for an investor. The 0.44 acre property sits on the hard corner of San Gabriel and W Martin Luther King Jr Blvd. The current zoning is GO-CO-NP and has a CodeNEXT proposed zoning as MU2-Q, which suggests a mixed-use redevelopment opportunity with a height limit of 65 feet*. *Buyer to do independent research regarding the redevelopment potential of the property. Property Highlights Value Add Multifamily w/ Long Term Redevelopment Potential 11 Unique, Large Townhome Units 0.44 Acres on Hard Corner of San Gabriel and MLK Close Proximity to The University of Texas at Austin and Downtown Austin 24,063 GSF - 18,528 RSF
Electricity Connected, Sewer Connected, See Remarks, Water Connected
Additional Parking, Garage, Garage Door Opener, Alley Access, Asphalt, Lighted, Parking Lot
|Price Reduced (from $6,600,000)||$5,900,000||$700,000 (10.61%)|
Property Listed by: Gold Tier Real Estate, Llc
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 30th, 2022 at 5:34am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. 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 maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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