6401 Vioitha DrAustin, TX 78723

For Sale
$1,350,000

Luxury condos & lots, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Austin investment opportunity presents two luxurious, fully occupied, two-story condos and two adjacent vacant lots, totaling 2,625 square feet on a 0.31-acre lot. Built in 2022, the Class A property boasts a 100% occupancy rate as of December 29, 2023, generating a net operating income (NOI) of $5,425. Each condo features modern amenities; one offers 2 bedrooms and 2.5 bathrooms, while the other includes 3 bedrooms and 2.5 bathrooms. Both units are designed with open floor plans, upgraded flooring, and stylish kitchen accents. The property includes two parking spaces per unit. The vacant lots offer significant redevelopment potential, ideal for expansion or future construction in this desirable Travis County location (zip code 78723). The asking price is $1,350,000, representing a price per square foot of $514.29 and a price per unit of $675,000. This turnkey investment provides immediate income and substantial long-term growth prospects. The property's prime location and current high occupancy make it an attractive opportunity for investors seeking a strong return on investment. Low-maintenance landscaping and privacy fencing are already in place on the vacant lots. This package offers unparalleled value for investors seeking both immediate income and future development potential.

Highlights

  • $1,350,000 asking price for a Class A, two-unit multifamily investment property in Austin, TX.
  • 100% occupancy with a current NOI of $5,425, generating a 0.40% cap rate.
  • Two 2-story buildings totaling 2,625 square feet on a 0.31-acre lot, built in 2022.
  • Two luxury condos (2/2.5 and 3/2.5) and two adjacent buildable lots.
  • Prime Austin location with excellent amenities, ideal for redevelopment or portfolio expansion.

Property Details for 6401 Vioitha Dr

Property type
Multifamily properties, Residential income homes
Square Feet
2,625 SF
Class
A
Year Built
2022
Buildings
2
Stories
2
Lot Size (sq. ft)
13,504 SF
Units
2

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.309391
Longitude
-97.6724617
6401 Vioitha Dr, Austin, Texas

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6401 Vioitha Dr
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