INVESTMENT SUMMARY

Property Type: Multi-Family
Subtype: Duplex
Address: 2003 Cody Court
County: Travis
   
Square Feet: 3,298 SF
Lot Size: 11,200 SF (0.257 Acres)
No. of Units: 2
Occupancy: 100%
Year Built: 1973
Investment: Cap Rate 9.00%

 

Property Description:
Duplex that had been mismanaged by the previous owner over a 15 year period, needing preventative maintainance and renovations to bring both units up to current standards.  The property was renovated over an 18 month period.  In addition, almost 800 SF was added comprising a 2nd and 3rd floor to one unit.

Location Description:
Excellent South central Austin location convieniently located near the intersection of South Lamar and Manchaca. Entire neighborhood of multi-family properties maintaining excellent occupancy due to close proximity to retail stores and Austin's CBD.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.