1009 E 16th St
Austin, TX 78702 East Downtown

$1,300,000 USD

Apartments For Sale • 5,600 SF

Property Details

Property Type Apartments
Total Building Size 5,600 SF
Lot Size 0.14 AC
Building Class C
Year Built 1985

50 Transit Score

80 Walk Score

                
                    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
                            
                                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%)
                            
                                Prime East Austin Location - E. 16th & Navasota, walkable to Dell Medical School, the Capitol, Moody Center, and East Austin dining and entertainment