7929 Gault StAustin, TX 78757

Crest Haus, a 25-unit apartment building in Austin, Texas, presents a compelling investment opportunity. This stabilized, Class C multifamily property boasts 19,790 square feet of net rentable space and currently enjoys a 93% occupancy rate as of December 31, 2023. Situated on a 0.66-acre lot (APN 240380) at 7929 Gault St, Austin, TX 78757, the property features a single, two-story building constructed in 1968 and extensively renovated in 2023. The recent $1.3 million renovation included a complete exterior overhaul (new paint, signage, landscaping, parking lot resurfacing, courtyard turf, windows, exterior doors, HVAC units, water heaters, and light fixtures) and a comprehensive interior upgrade to all 25 units. Interior renovations feature luxury finishes such as vinyl plank flooring, porcelain tile, stainless steel appliances (including gas stoves and range hoods), modern cabinetry, quartz countertops, tile backsplashes, copper rewired kitchens, and updated bathrooms. The property's MF-4-NP zoning allows for multifamily use. Its prime location in North Central Austin offers residents convenient access to major employment centers, including downtown Austin, The Domain, Mueller, and the University of Texas, all within a 10-minute commute. Proximity to the North Lamar corridor, North Lamar Transit Center, and major thoroughfares (I-35, Mopac, and Highway 183) ensures excellent accessibility throughout the Austin metro area. This fee-simple ownership offers a strong return on investment in a thriving Austin market.