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29542559
29542580

5220 Tahoe Trail, Austin, TX 78745

MQ
TX 702173
Phyllis Browning Company
Listed by Phyllis Browning Company
$1,600,000
121 days on market
Updated 14 days ago

8-Unit Multifamily Westgate Austin, TX

Details
Property Type Multifamily
Sub Type Apartment Building
Acreage 0.2 - 0.35

Multifamily

Marketing description

Presented for sale is a well-maintained 8-unit multifamily asset offering in-place cash flow .The property is structured as eight condominium units, each conveying a 12.50% undivided interest in common elements, providing ownership flexibility and long-term value.

Property Overview

• Predominantly one-bedroom units ranging from approximately 535–959 SF

• In-unit washer and dryers in all units

• One upper-level unit features a fireplace and private balcony

• Below-market rents with upside potential

• One-bedroom units support approximately ±$1,200/month

• Larger two-room unit supports approximately ±$2,200/month

Recent Capital Improvements

• New roof with a 50-year warranty

• New gutters

• Gravel landscaping installed in 2024

• Four new water heaters

• Well-maintained asset with limited near-term capital exposure

Utilities & Operations

• Single City of Austin water meter

• Average water expense: $375–$450/month

• Water and trash allocated to tenants

• Trash service approximately $175/month, with potential savings through alternative providers

Financial Highlights

• Current Monthly Income: $9,990

• Projected Annual Income (2025): $119,880

• 2025 Property Taxes: $27,486.48

• Approximate NOI: $92,393.52*

• Asking Price: $1,800,000

• In-Place Cap Rate: 5.13%

*NOI excludes maintenance and other variable operating expenses.

Location & Investment Thesis

Situated on a bus line and in close proximity to major employment centers, retail, and daily amenities, the property benefits from consistent rental demand. This offering is well-suited for investors seeking immediate cash flow with upside through strategic rent adjustments and modest operational improvements.

Important Note: The rent roll is currently being revised. All income figures and projections are based on 2024–2025 rental data and are provided for informational purposes only. Information is deemed reliable but not guaranteed.

Listing Contacts

MQ
TX 702173
Phyllis Browning Company
Listed by Phyllis Browning Company

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Additional Information

Name
Maria Quiroz
License
702173
Brokerage
DEN Property Group
Brokerage Phone
512-215-8587
Title
Real Estate Advisor
Brokerage Address
2785 Bee Caves Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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