5420 Middle Fiskville RdAustin, TX 78751

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.