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Gardens at Anderson Square 7908 Gault St 16 Unit Apartment Building For Sale Austin, TX 78757
Investment Highlights
- Gardens at Anderson Square is a 16-unit multifamily community directly off Anderson Lane in north central Austin.
- Gardens at Anderson Square is centrally within a 5-mile radius of some of Austin’s most notable employment centers.
- Current ownership has completed interior renovations in 10 units (63%), which are seeing over $500 in rental premiums above current rents.
- The micro-pocket has seen a significant pickup in activity from private investors executing high quality improvements to surrounding properties.
Executive Summary
Chic Multifamily Community, $500+ Rent Premiums on Renovated Interiors 63%
Gardens at Anderson Square is a 16-unit multifamily community directly off Anderson Lane in north central Austin. Current ownership has completed interior renovations in 10 units (63%), which are seeing over $500 in rental premiums above current rents in remaining classic units. The property is located directly off of Anderson Lane on Gault Street. The micro-pocket – home to a number of smaller multifamily communities – has seen a significant pickup in activity from private investors executing high quality improvements to surrounding properties and taking advantage of the underserved rental demand in the neighborhood.
Hotspot Between Austin’s Most Prominent Employment Centers
Gardens at Anderson Square is centrally within a 5-mile radius of some of Austin’s most notable employment centers. Residents here are within a 10-minute commute to downtown, the Domain, Mueller and the University of Texas. The property is within three miles of three of Austin’s major thoroughfares – Interstate 35, Mopac and Highway 183 – offering accessibility to anywhere in the metro.
Gardens at Anderson Square is a 16-unit multifamily community directly off Anderson Lane in north central Austin. Current ownership has completed interior renovations in 10 units (63%), which are seeing over $500 in rental premiums above current rents in remaining classic units. The property is located directly off of Anderson Lane on Gault Street. The micro-pocket – home to a number of smaller multifamily communities – has seen a significant pickup in activity from private investors executing high quality improvements to surrounding properties and taking advantage of the underserved rental demand in the neighborhood.
Hotspot Between Austin’s Most Prominent Employment Centers
Gardens at Anderson Square is centrally within a 5-mile radius of some of Austin’s most notable employment centers. Residents here are within a 10-minute commute to downtown, the Domain, Mueller and the University of Texas. The property is within three miles of three of Austin’s major thoroughfares – Interstate 35, Mopac and Highway 183 – offering accessibility to anywhere in the metro.
Property Facts
| Sale Type | Investment | Lot Size | 0.39 AC |
| No. Units | 16 | Building Size | 10,432 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1969/2023 |
| Building Class | C | Parking Ratio | 2.3/1,000 SF |
| Zoning | MF-4-NP | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,432 SF |
| Average Occupancy | 89% |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | MF-4-NP |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,842 CAD | 724 |
| 2+1 | 6 | $2,179 CAD | 1,052 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 240337 | Improvements Assessment | $1,728,144 CAD |
| Land Assessment | $1,175,499 CAD | Total Assessment | $2,903,643 CAD |
Property Taxes
Parcel Number
240337
Land Assessment
$1,175,499 CAD
Improvements Assessment
$1,728,144 CAD
Total Assessment
$2,903,643 CAD
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Gardens at Anderson Square | 7908 Gault St
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