3402 Lynridge Dr, Austin, TX 78723 - MLS# 2365915

Apartment Complex for Sale in Austin > 78723 > Vintage Hills > 3402 Lynridge Dr

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$1,995,000 $2,300/m

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-
Beds
-
Baths
N/A
Square Ft.
0.66
Acres
N/A
Garages
1985
Year Built
MLS® #: 2365915 Active, 58 Days on Market

The Lynridge Apartments offer a stabilized investment with upside potential in the fast growing East Austin sub-market. There are 22 one bedroom units averaging 488 square feet. The location has close access to major traffic arteries and is less than a half mile to the HEB Grocery. With a pitched roof less than 2 years old, wood-look flooring, and on-site landlord-owned laundry facilities, the property is a good candidate for adding value in the future.

Price History for 3402 Lynridge Dr

Date MLS # Details Price
2365915 - Commercial Sale Price Decrease - 56 days (56 days total) $1,995,000 - $105,000
2365915 - Commercial Sale New $2,100,000
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Property Details for 3402 Lynridge Dr

Location
Size and Restrictions
  • $/Acre: $69
  • Land Area: 0.66 - Square Footage
  • FEMA 100 Yr Floodplain: No
  • Restrictions: Yes - Deed Restrictions
Improvements
  • Property Subtype: Commercial Sale - Apartment Complex
  • Current Bldg Use: Residential
  • # Buildings: 1
  • # Units: 22
  • Parking: 26 - 400 - Common, On-Site Parking
Utilities
  • Water: City
  • Separate Meter: Yes
  • Utilities: Electricity on Property
  • Sewer: City on Property

Interior Features for 3402 Lynridge Dr

Heating and Cooling
  • Heating: Central Heat
  • Air Conditioning: Central Air
Interior Features
  • Disability: No

Building Information for 3402 Lynridge Dr

Building Information
  • Year Built: 1985 - Resale
  • Condition: As-Is
  • # of Stories: 2
  • Construction: Brick Veneer
  • Foundation: Slab
  • Roof: Composition Shingle, Pitched
Garage and Parking
  • Parking: 26 - 400 - Common, On-Site Parking

Financials for 3402 Lynridge Dr

Financial Information
  • $/Square Foot: $184
  • $/Acre: $69
  • Documents Available: Income & Expense Statement, Leases, Rent Roll, Survey, Unit Mix Schedule
  • Lease Type: Modified Gross
  • Occupancy Rate: 100
Property Taxes
  • Estimated Taxes: $33,520
  • Tax Rate: 2.23% - 2016
  • Tax ID: 02242705150000

Properties for Sale Similar to 3402 Lynridge Dr, Austin, TX View On Map

Property Listed by: Berkshire Hathaway TX Realty

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from August 23rd, 2017 at 8:31am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.