5507 Clay Ave # 1C, Austin TX 78756

THIS IS THE ONE. Make this the pride of your real estate portfolio! Incredible opportunity of a lifetime to own a fully leased, custom, luxury, new construction Triplex right in the heart of Austin. In the highly desired neighborhood of Brentwood and Allandale – 8 minutes to UT Austin, 10 minutes to Downtown and 12 mins to the Domain. Surrounded by restaurants, bars, shopping, grocery stores, children play areas, parks, etc. all within a 2 mile drive. Highly rated, tier 1 schools for family tenants.

Currently long term rentals but with the location, beauty and features of this property, the income potential of this property is limitless. Short term rental multi-families in the areas with less features are bringing in approx. $300,000 – $500,000 per year in revenue. Current owner chose to keep as long term rentals to keep the property in pristine condition. New Owner can do as he/she pleases once current leases expire. Currently leased out for multiple years with built-in annual rent increases and a waitlist.

Featuring two 3 bed 3 bath units and one 2 bed 2 bath unit, this property was built with great attention to detail from a seasoned custom luxury builder, no builder grade anything! Exclusive features that set this beauty apart include; private rooftop lounges for each unit with downtown views, 2nd and 3rd floor balconies, premium appliances, in suite bathrooms, premium quarts countertops in kitchen and all bathrooms, separate AC control on each floor, spacious backyard, premium artificial turf and crushed granite landscaping for zero maintenance, separately metered – electric, gas and water for each unit. Call now, don’t wait!

LEASE TERMS
– Unit 1A: 3 year lease with $150 annual rent increases. Rent; Year 1 – $3,795, Year 2 – 3,945, Year 3 – $4,095
– Unit 1B: 1 year lease. Rent; Year 1 – $2,995
– Unit 1C: 2 year lease with $200 annual increase. Rent; Year 1 – $3,795, Year 2 – $3,995

Information provided is deemed reliable, buyer to verify.