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Element Studios 2526 Durwood St 61 Unité Immeuble d’appartements À vendre Austin, TX 78704
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Prime 78704 Location - Walkable to South Congress, Zilker Park, South First, and the new H-E-B at Oltorf & Congress
- Midterm Rental Upside - Strong, unmet demand for furnished 3–6 month leases from remote and transient tenants—an immediate value-add opportunity.
- Resilient in a Soft Market - Outperforms larger multifamily projects struggling with oversupply and negative rent growth.
- Turnkey 61-Unit Condo Asset - Fully converted, legally defined condos offering flexible hold, lease, or sell-off strategies.
- Efficient, In-Demand Studios - 420 SF units match market trends for affordability, flexibility, and minimalist living in urban cores.
RÉSUMÉ DE L'ANNONCE
Welcome to Element Studios—a fully converted, 61-unit condo asset planted right in the beating heart of Austin’s iconic 78704. This is prime infill real estate, walking distance to South Congress, South First, Zilker Park, and just blocks from the newly opened H-E-B at Oltorf, giving tenants front-row access to everything that makes this part of town pulse. Each unit is a 420-square-foot studio—smart, efficient, and perfectly aligned with the demand for minimalist, flexible living. This is what renters actually want right now: smaller, better-located spaces that don’t come with oversized rent checks.
The property is gated and features a community pool, two on-site laundry rooms, and outdoor hangout areas with mature trees—simple but intentional amenities that keep occupancy tight and turnover low. But the real upside? It’s what’s not yet being done.
There’s a growing wave of midterm rental demand—6-month furnished leases—from a tenant base that’s increasingly remote, transient, and flexibility-obsessed. Think digital nomads, contract tech workers, downsizers testing the market, or people landing in Austin without wanting to commit long-term. Furnished midterm rentals are being actively requested here, but they’re not yet offered. That’s a value-add play hiding in plain sight.
And here’s where timing matters. Austin’s multifamily market has cooled, with deal velocity down, rent growth flat or negative, and oversupply dragging on absorption. Institutional deals are sitting. Luxury lease-ups are offering concessions, but Element Studios is outperforming the market —smaller units, lower price points, and a location you can’t replicate give it a defensive edge and strong long-term upside.
With legal condo status already in place, you’re not boxed into one path. Lease it. Furnish it. Sell off individual units over time. This is rare flexibility in a high-barrier-to-entry submarket. Whether you’re holding, repositioning, or prepping for phased disposition, Element Studios is built to outperform in a down cycle and explode in the next upturn.
Area Description
Located in the heart of Austin’s 78704, Element Studios sits at the intersection of urban energy and lifestyle convenience. This iconic zip code is home to some of the city's most coveted destinations—South Congress (SoCo), South First, Zilker Park, and Barton Springs—making it a magnet for young professionals, creatives, and long-time Austinites seeking walkability and culture. The property is also just blocks from the newly opened H-E-B at Oltorf and South Congress, a major grocery anchor that further elevates the neighborhood’s liveability and long-term value. With easy access to downtown, major employers, and entertainment districts, 78704 remains one of Austin’s most resilient submarkets, even as the broader multifamily market softens.
The property is gated and features a community pool, two on-site laundry rooms, and outdoor hangout areas with mature trees—simple but intentional amenities that keep occupancy tight and turnover low. But the real upside? It’s what’s not yet being done.
There’s a growing wave of midterm rental demand—6-month furnished leases—from a tenant base that’s increasingly remote, transient, and flexibility-obsessed. Think digital nomads, contract tech workers, downsizers testing the market, or people landing in Austin without wanting to commit long-term. Furnished midterm rentals are being actively requested here, but they’re not yet offered. That’s a value-add play hiding in plain sight.
And here’s where timing matters. Austin’s multifamily market has cooled, with deal velocity down, rent growth flat or negative, and oversupply dragging on absorption. Institutional deals are sitting. Luxury lease-ups are offering concessions, but Element Studios is outperforming the market —smaller units, lower price points, and a location you can’t replicate give it a defensive edge and strong long-term upside.
With legal condo status already in place, you’re not boxed into one path. Lease it. Furnish it. Sell off individual units over time. This is rare flexibility in a high-barrier-to-entry submarket. Whether you’re holding, repositioning, or prepping for phased disposition, Element Studios is built to outperform in a down cycle and explode in the next upturn.
Area Description
Located in the heart of Austin’s 78704, Element Studios sits at the intersection of urban energy and lifestyle convenience. This iconic zip code is home to some of the city's most coveted destinations—South Congress (SoCo), South First, Zilker Park, and Barton Springs—making it a magnet for young professionals, creatives, and long-time Austinites seeking walkability and culture. The property is also just blocks from the newly opened H-E-B at Oltorf and South Congress, a major grocery anchor that further elevates the neighborhood’s liveability and long-term value. With easy access to downtown, major employers, and entertainment districts, 78704 remains one of Austin’s most resilient submarkets, even as the broader multifamily market softens.
BILAN FINANCIER (PRO FORMA - 2026) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (PRO FORMA - 2026) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du lot | 1,16 AC |
| Nombre d’unités | 61 | Taille du bâtiment | 25 620 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 83% |
| Sous-type de propriété | Appartement | Nombre d’étages | 2 |
| Style d’appartement | De faible hauteur | Année de construction/rénovation | 1974/2009 |
| Classe d’immeuble | C | Ratio de stationnement | 2,73/1 000 pi² |
| Zonage | MF-3 - MF-3 - Le district de Résidence Multifamiliale à Densité Moyenne est conçu pour accueillir des logements multifamiliaux avec une densité maximale pouvant atteindre 36 unités par acre. | ||
| Type de vente | Investissement |
| Nombre d’unités | 61 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 1,16 AC |
| Taille du bâtiment | 25 620 pi² |
| Occupation moyenne | 83% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1974/2009 |
| Ratio de stationnement | 2,73/1 000 pi² |
| Zonage | MF-3 - MF-3 - Le district de Résidence Multifamiliale à Densité Moyenne est conçu pour accueillir des logements multifamiliaux avec une densité maximale pouvant atteindre 36 unités par acre. |
COMMODITÉS
- Détecteur de fumée
COMMODITÉS DES UNITÉS
- Climatisation
- Micro-ondes
- Cuisine
- Comptoirs de granit
- Voûte
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Walk-in
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- Cour
- Terrain clôturé
- Installations de lessive
- Espace de pique-nique
- Piscine
- Grill
- Entreposage de vélo
- Solarium
- Salle de bain privée
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| Studios | 61 | 1 420 $ CAD | 420 |
1 1
Walk Score®
Très pratique à pied (79)
Bike Score®
Très cyclable (72)
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Element Studios | 2526 Durwood St
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