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Avalar Austin on Bee Caves
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| Doug Mellen |
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Email Doug |
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Phone: |
512-589-7015 |
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Cell: |
512-589-7015 |
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Fax: |
512-732-0707 |
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Address:
408west ,37th St,78705
Type: Commercial
Style: 2 Story
Lot Type: Rectangular
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INVESTMENT HIGHLIGHTS
•Very stable property and generate good income (100% occupied)
•Excellent Location – Very Close to Downtown & the University of Texas
•Tremendous Market Upside in Rents
LOCATION HIGHLIGHTS
•Near groceries and restaurants
•Walking Distance to University of Texas
•Located near UT and Capital Metro Routes
Address of property
408 & 410 west, 37th street, Austin, 78705, Texas
20units Apartment complex in North Campus Austin, TX
As per Travis record:-Total Living Area 9012sq.ft. Land area=11600 sq.ft
Year Built: 1971
2 buildings-2 story with brick exterior walls
Unit Mix
Rent of $400 to $650 per unit.
Efficiency -6units approx sq.ft=. 275sq.ft
Efficiency -4units approx.sq.ft= 350sq. ft
1bdr 1 bath - 10units approx.sq.ft= 580sq.ft
Income
Actual Gross rental for 2007 =$105,428.66
Estimated laundry income for 2007=$960.00
Expenses=$61372.64
Net Operating Income=$45016.02
( before debt servicing and depreciation)
Actual operating expenses for 2007
Real estate tax $15522.99
Insurance $6426
Office expenses 711.73
Make ready $4026.43
Management fee $5271.43
Repair $7267.70
Sewage $140.72
Utilities $22005.64
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Total operating expense $61372.64
(before debt servicing and depreciation)
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