310 Radam Ln, Austin, TX 78745

Property Overview

13-Unit Complex

1942 build

Lot: 0.61 acres

Zoning: CS-MU-NP

• City of Austin Zoning Guide: https://www.austintexas.gov/sites/default/files/files/Planning/zoning_guide.pdf

Walkthrough Video: https://mls.homejab.com/property/view/310-radam-ln-austin-tx-78745-usa

Property Details

Located between S Congress & S First St, this is a rare opportunity to purchase over half an acre in the rapidly growing zip code of 78745! This property also consists of 13 rentable units. Each unit is currently rented with rents being well under market, but all are month to month.

This is a great chance for a developer to purchase a commercial zoned property and have it produce income while the development phase is being planned out! Jump on this one quick because it won't last long!!

Comps:

1207 Southport Austin, TX 78745

8 Unit

$3.75M

https://www.loopnet.com/Listing/1207-Southport-Dr-Austin-TX/25660089/

4011 Clawson Rd. Austin, TX 78745

1.04 acres

$4,000,000

https://www.loopnet.com/Listing/4011-Clawson-Rd-Austin-TX/25702762/

3820 Menchaca. Austin, TX 78745

0.28 acres

$995k

https://www.loopnet.com/Listing/3820-Menchaca-Austin-TX/24459423/

Rental Summary

Current Monthly Rent: $6,400

Potential Monthly Rent: $14,900+

Rental Info

Unit 1

1 bed, (shared bath w/ unit 2)

Current Monthly Rent: $600

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 2

1 bed, (shared bath w/ unit 1)

Current Monthly Rent: $500

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 3

1 bed, (shared bath w/ unit 4)

Current Monthly Rent: $650

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities 

Unit 4

1 bed, (shared bath w/ unit 3)

Current Monthly Rent: $550

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities 

Unit 5

1 bed, (shared bath w/ unit 6)

Current Monthly Rent: $550

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 6

1 bed, (shared bath w/ unit 5)

Current Monthly Rent: $550

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 7

1 bed, (shared bath w/ unit 8)

Current Monthly Rent: $500

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities 

Unit 8

1 bed, (shared bath w/ unit 7)

Current Monthly Rent: $550

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 9

1 bed, (shared bath w/ units 10&11)

Current Monthly Rent: $500

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 10

1 bed, (shared bath w/ units 9&11)

Current Monthly Rent: $550

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 11 

1 bed, (shared bath w/ units 9&10)

Current Monthly Rent: $450

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner pays utilities

Unit 12 (Efficiency Unit)

1 bed, 1 bath

Current Monthly Rent: $450

Lease End: Month-to-Month

Potential Monthly Rent: $1,100+

Owner

Single-Family Home (Unit 13)

1 bed, 1 bath

Current Monthly Rent: n/a

Lease End: n/a (Owner's home. Moving out at closing)

Potential Monthly Rent: $1,700+

More Photos

https://www.dropbox.com/sh/nrnvilckv4mmsd9/AADHPEjYYZFFTFNZwvFo33axa?dl=0

Asking Price: $1,399,000

Closing Date: 6-15-22 or sooner (flexible)

Call or text Marc or Holly for more details on this 🌋HOT DEAL!🌋

(210) 844-3099 / (210) 861-0922

Click the BUY IT NOW button to lock this one down and avoid bidding wars ⚔️⚔️