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.
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