1711 Enfield RdAustin, TX 78703

This exceptional investment opportunity presents a 10-unit multifamily property situated at 1711 Enfield Rd, Austin, TX 78703, within the desirable Clarksville neighborhood. The property, built in 1985, encompasses a 0.276-acre lot and features a 7,321 to 7,821 square foot building spread across three stories. Currently configured as five one-bedroom, one-bathroom units on the ground floor and five one-bedroom, one-bathroom units with lofts on the second floor, this property offers significant upside potential. The existing structure boasts high ceilings (10 feet on the first floor and 9-17 feet on the second), abundant natural light, and high-end finishes. A framed unit serves as proof of concept for converting the second-floor units into two-story, two-bedroom, two-bathroom units, or adding five additional one-bedroom, one-bathroom units to a fully developed third floor, leveraging the existing attic space. The property includes 1.5 covered parking spaces per unit. The MF-3-NP zoning allows for multifamily use. This property is ideal for a multifamily investor or condo conversion specialist seeking to capitalize on the strong Austin real estate market and favorable Texas tax laws. The current occupancy rate is 40%. The building size is approximately 7,321 square feet, plus an additional 500 square feet of usable attic space.