4127 East 12th Street
4127 East 12th Street
Description
units, this unique complex is perfectly positioned to capitalize on the area's growth and potential. Expected completion date August
2023. Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residents
alike. With its vibrant...Introducing an exciting investment opportunity in the up-and-coming East Austin area! Springdale Commons is the latest development from Austin's premier green builder, Fortunate Foundations. Consisting of eight
units, this unique complex is perfectly positioned to capitalize on the area's growth and potential. Expected completion date August
2023. Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residents
alike. With its vibrant arts scene, trendy restaurants, and proximity to downtown, East Austin is quickly becoming one of the most
sought-after neighborhoods in the city. The complex itself boasts 8 energy-efficient units across 3 buildings enveloped in continuous thermal and noise-insulating foam. These modern, eco-friendly features not only provide residents with a comfortable and tranquil living experience but also contribute
to reduced energy costs and a smaller carbon footprint. One of the unique advantages of this property is its commercial zoning, allowing for the allocation of two units specifically
designated for short-term rentals (STRs). With the increasing popularity of Austin as a tourist destination, STRs present an excellent
opportunity to maximize your investment returns. Buyer to verify. As you evaluate the financials, rest assured that this property offers a competitive Cap Rate of 4.6% and an impressive ProForma Cap
Rate of 5.8%. Perform a thorough analysis of the projected rental income from long-term leases, as well as the potential income
from the designated STR units. Don't miss your chance to be part of the East Austin growth story. This multi-family complex presents an ideal blend of location,
energy efficiency, and investment potential. Contact us today to secure your place in this thriving community and start reaping the
benefits of this exceptional opportunity.
- Listed by Wendy Papasan • TREC #0593308 • Keller Williams Realty • (512) 439-8797
- Listed by Megan Flake • TREC #0767786 • Keller Williams Realty
Property Details for 4127 East 12th Street
Location
Property Details for 4127 East 12th Street
| Status | Active |
|---|---|
| MLS # | 9392592 |
| Days on Market | 295 |
| Taxes | $56,029 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 2023 |
| Lot Size | 0.57 AC / 25,016 SF |
| County | Travis County |
Location
Building Information for 4127 East 12th Street
Payment Calculator
$34,139 per month
30 year fixed, 7.25% Interest
$29,470
$4,669
$0
Property Information for 4127 East 12th Street
- Parking Total: 13
- Parking Features: Covered, Open
- Flooring: Carpet, Tile, Wood
- Restrictions: Deed Restrictions
- New Construction: Yes
- Construction Materials: Frame, Glass, HardiPlank Type, Concrete
- Foundation Details: Slab
- Accessibility Features: See Remarks
- Community Features: Sidewalks
- Lot Size Source: Public Records
- Road Surface Type: Paved
- Current Use: Multi-Family
- Horse: No
- Leasable Area: 11786.0
- Builder Name: Fortunate Foundations
- Building Features: No Loading, See Remarks
- Number Of Buildings: 8
- Building Area Total: 1,444.00
- Building Area Source: Public Records
- Cooling YN: Yes
- Cooling: Central Air
- Heating YN: Yes
- Heating: Central
- Sewer: Public Sewer
- Utilities: Electricity Connected, Sewer Connected, Water Connected
- Water Source: Public
- Green Energy Efficient: See Remarks
- Tax Assessed Value: $750,542
- Additional Parcels: No
- Tax Year: 2023
- Tax Rate: 1.97%
- Security Features: Fire Alarm, Fire Sprinkler System
- Directions: From I-35, go west take E Martin Luther King Jr Blvd, then go South on Springdale Rd
Property History for 4127 East 12th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4127 East 12th Street
Schools near 4127 East 12th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Norman Elementary School PublicPK to 5 | ||
Martin Middle School Public6 to 8 | ||
Northeast Early College High School Public9 to 12 | ||
Lasa High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Realty, Wendy Papasan, TREC #0593308; Keller Williams Realty, Megan Flake, TREC #0767786
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.