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5624 Woodrow Ave
Austin, TX 78756
Woodrow Apartments · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Six 1BR/1BA units totaling ±4,800 SF with a uniform ±800 SF floor plan across all apartments.
- 12.2% rent upside — market rent projected at $6,200/month vs. current $5,525/month.
- NOI grows from historical $26,034 to $39,676.50 in Year 1 (adjusted) at stabilized rents.
- Current scheduled rent totals $5,525/month ($66,300 annually) providing immediate in-place cash flow.
- Acquisition at $795,000 equates to $165.63/SF and $132,500 per unit.
- Desirable Central Austin infill submarket with limited six-unit multifamily inventory.
Executive Summary
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price Per Unit | $186,625 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 6 | Building Size | 4,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1983 |
| Apartment Style | Low-Rise | Parking Ratio | 1.25/1,000 SF |
| Price Per Unit | $186,625 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,800 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 228829 | Improvements Assessment | $766,190 CAD |
| Land Assessment | $440,153 CAD | Total Assessment | $1,206,343 CAD |
Property Taxes
Parcel Number
228829
Land Assessment
$440,153 CAD
Improvements Assessment
$766,190 CAD
Total Assessment
$1,206,343 CAD
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