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1009 E 16th StAustin, TX 78702
Swedish Hill Apartments
Overview
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Seize a rare opportunity to own a multifamily property in the coveted Swede Hill neighborhood
of Inner East Austin. Swedish Hill Apartments is a 7-unit multifamily community built by the
current owner in 1985. We have the original blueprints in hand!
Investment Highlights
- Strong Rental Demand - Supported by proximity to UT, East Austin, Downtown and other employment centers
- LR-MU-NP - This is Limited Retail zoning combined with Mixed Use overlay which would allow for several development paths including residential, small scale retail, professional offices or pet services.
- Affordable Rents - Well below the Austin metro average
- Austin Beginning to Rebound - Multifamily constructions starts at 10 year low. Austin boasts the lowest Rent to Income Ratio in the country (18%), while ranking #1 in Job Growth
- Prime East Austin Location - E. 16th & Navasota, walkable to Dell Medical School, the Capitol, Moody Center, and East Austin dining and entertainment, with easy access to I-35 and E. 15th Street.
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1009 E 16th StAustin, TX 78702
Sales Team
Listing provided by LightBox Revere