7908 Gault StAustin, TX 78757

This exceptional 16-unit apartment building, Gardens at Anderson Square, presents a compelling investment opportunity in Austin, Texas. Built in 1969, this two-story property boasts 12,896 square feet of net rentable space situated on a 16,893 square foot lot (APN 240337). Currently operating at 87.5% occupancy, the property comprises a single building with MF-4-NP zoning. Ten of the sixteen units (63%) have undergone recent interior renovations, commanding rental premiums exceeding $500 above the market rate for unrenovated units. This prime location in north central Austin, just off Anderson Lane on Gault Street (7908 Gault St, Austin, TX 78757), offers unparalleled convenience. Residents enjoy a short commute to downtown Austin, The Domain, Mueller, and the University of Texas, with easy access to major thoroughfares including Interstate 35, Mopac, and Highway 183. The surrounding area is experiencing a surge in private investment, reflecting the strong rental demand and underserviced market. This property represents a unique chance to capitalize on Austin's thriving multifamily market. The property's strong performance and potential for further value appreciation make it an attractive investment.