Monsanto Apartments 6300 Monsanto Dr 12 Unit Apartment Building $1,339,595 CAD ($111,633 CAD/Unit) 6.16% Cap Rate Austin, TX 78741

Positioned in the rapidly evolving Montopolis submarket, 6300 Monsanto Dr is a stabilized 12-unit multifamily asset delivering durable, in-place income just minutes from Downtown Austin, Austin-Bergstrom International Airport, and major employment centers.? The property carries a track record of strong occupancy and minimal vacancy, supported by long-term tenants on flexible month-to-month leases.? A steady, cash-flowing foundation in one of Austin’s most centrally located neighborhoods, where rental demand continues to be fueled by proximity to downtown, Riverside, Tesla,and the airport.? Adding to the area's long-term growth story, the planned Dog's Head mixed-use development is expected to bring new residential, retail, and commercial investment to the immediate vicinity, further enhancing the neighborhood's appeal and momentum.?
Beyond the in-place income, the asset offers a clear path to additional upside: current rents sit well below area comps.? The building is owner-managed and topped with a durable metal roof, reflecting consistent care and limited near-term capital needs.? With easy access to Hwy 71, US-183, and I-35, residents enjoy a convenient commute while remaining close to Lady Bird Lake, East Austin entertainment, and the Riverside corridor.? The surrounding area has experienced significant redevelopment activity, making this an attractive income-plus-upside or long-term hold opportunity in a high-growth Austin market.?