Ask Coy Romine
Mixed-use 37 unit property for sale, newer construction (2018). Located near the intersection of Menchaca Road and West William Cannon. 23 commercial and 14 residential units, great high-end finished. Energy efficient and sustainably built, including: solar panels, EV chargers, community garden, rainwater collection tanks, and is Austin first ever mixed-use property to incorporate gray water recycling.
Rents are below market, and value-add can be achieved with strategic capital improvements to make use of unutilized areas of the property, as well as repurpose the garden. Utilities are not billed-back to tenants and are being paid by the landlord. Units are advertised with utilities included. A stabilized asset is 4.77% cap.
Directions: North on Menchaca from William Cannon, left into the property.
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Listed By: Brandon Diggs of Diggs Realty - (512) 535-8683