6th & Chicon

03-10-2023
03-20-2023

1812 E 6th St, Austin, TX 78702

6th&Chicon (1812 E 6th St, Austin, TX 78702) is a newly constructed 60 micro-unit apartment building located within Austin’s dynamic and high-demand Plaza Saltillo Development Zone.

This is a rare opportunity for investors to maximize ROI as a short-term rental asset, with optional turn-key property management or operate and manage the property on their own.

The newly constructed urban, luxury community, is outfitted with class-A amenities and convenience. This well-appointed property rests in the vibrant and expanding East 6th Street development area.

List Price: $27,000,000

Based on year 2 stabilized income of $1,243,000 (operated as STR with turnkey management), cap rate guidance based on comps is 3.7%+/-, however pricing guidance to a 4.6% cap rate reflects year 1 ramp.

Please reach out to team@shapirogroup.co to complete our NDA for Proforma and additional information.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Mid-Rise
Price
$ 27,000,000
No. of Units
60
Year Built
2020
Building Size
34,364 Sq ft
Lot Size
9,147.60 sq ft
No. of Stories
6
No. of Parking Spots
19
Opportunity Zone
No
Buy Side Fee
2%
Price per unit
$ 450,000
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