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CAMPUS FLATSFOR SALE
Multifamily Redevelopment Opportunity2201 Leon St., Austin, TX 78705
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
PROPERTY DESCRIPTIONCampus Flats is a 5-unit (plus garage) multifamily property located in the heart of West Campus just steps from all of UT’s main hot spots. Prime 78705 location just a short walk to UT Campus / The Drag. 5-10 minute drive (even during rush hour) to Downtown. Laundromat and grocery store within 3 blocks. Quiet street, only 4 units in the building, very private. Newly refurbished, open studio floor plan. Gas range in each unit. Large walk-in closets for residents. Street parking available with easy/inexpensive permit application process.
Colorful, active, dynamic, energetic, diverse – all of these apply to West Campus, and with its large amount of students in the neighborhood, it’s easy to see why. The brightly-painted buildings, the trendy little pizza joints, and even the amount of bicycles in the area help define this neighborhood as a haven for University of Texas-Austin students. But even if you aren’t a student, this neighborhood is terrific – there are plenty of apartments to choose from, the housing stock is diverse, and the location is ideal.
West Campus extends from Lamar Boulevard to “the Drag,” or Guadalupe Street. The Drag is where you’ll find a wide selection of shops, restaurants, and bars. These include local favorites like Cabo Bob’s, Halal Bros, the Spider House Café and Ballroom, and Kerbey Lane Café. On the west side, things are a little quieter with Pease Park and the Shoal Creek Greenbelt framing the area. No matter where in West Campus you choose to rent, you’ll be well within walking distance of campus, the Museum District, and Austin Community College.
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
LISTING DETAILSPrice: $1,300,000
Property Type: Multifamily
Sub Type: Student Housing
Investment Type: Redevelopment
Class: C
Square Footage: 2,800 SF
Net Rentable: 2,800 SF
Occupancy: 100%
NOI: $37,092
Units: 6
Buildings: 1
Year Built/Renovated: 1956/2017
Zoning: MF4
Lot Size: 6,750 SF
Parking Per Unit: 1
Stable Cash Flow Alley Access
Value Add With 6th Unit Huge Potential as Residential Development
Ideally Located High Rental Renew Rate
INVESTMENT HIGHLIGHTS
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
DEMOGRAPHICS
1 MILE 3 MILES
Total Households: 15,034
Total Population: 41,758
Average HH Income: $24,282
Total Households: 79,213
Total Population: 173,243
Average HH Income: $71,039
DISCLAIMER: The information contained herein has been obtained from sources deemed reliable, but has not been verified and no guarantee, warranty, or representation, either express or implied, is made with respect said information. All information contained herein should be independently verified; Agent assumes no legal responsibility for the accuracy thereof. The offering is made subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.
The Campus Flats are located in the heart of West Campus, just steps from all of UT’s main hotspots. The property hosts huge potential as a redevelopment site for a multifamily project. Projected population growth of 8.9+% in the next five years.
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
Valley Vista152 Lots
WHAT’S NEARBY2201 Leon Street provides easy and quick access to nearby highways, downtown Austin, and other desired locations. Many nearby amenities within a 2-mile radius include:
Univeristy of Texas
Texas Capitol
Pluckers Wing Bar
Chick-fil-A
Raising Cane’s
Starbucks
Trudy’s
Crown & Anchor Pub
The Tavern
6th Street
“The Drag”
+ More
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
2201 LEON ST - RENT ROLL
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
PHOTOS - EXTERIOR
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
PHOTOS - INTERIOR
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
thoward@asterra.com
Aste
rra.
com
3305
Ste
ck A
ve. S
uite
250
, Aus
tin, T
X 78
757
Eq
ual H
ousi
ng
Opp
ortu
nity
Info
rmat
ion
Abo
ut B
roke
rage
Ser
vice
s Te
xas
law
requ
ires
all r
eal e
stat
e lic
ense
es to
giv
e th
e fo
llow
ing
info
rmat
ion
abou
t br
oker
age
serv
ices
to p
rosp
ectiv
e bu
yers
, ten
ants
, sel
lers
and
land
lord
s
11/2
/201
5
TYPE
S O
F RE
AL E
STAT
E LI
CENS
E HO
LDER
S:
• A
BRO
KER
is re
spon
sible
for a
ll bro
kera
ge a
ctivi
ties,
inclu
ding
act
s pe
rform
ed b
y sa
les
agen
ts s
pons
ored
by
the
brok
er.
• A
SALE
S AG
ENT
mus
t be
spon
sore
d by
a b
roke
r and
wor
ks w
ith c
lient
s on
beh
alf o
f the
bro
ker.
A BR
OKE
R'S
MIN
IMUM
DUT
IES
REQ
UIRE
D BY
LAW
(A c
lient
is th
e pe
rson
or p
arty
that
the
brok
er re
pres
ents
): •
Put t
he in
tere
sts
of th
e cli
ent a
bove
all o
ther
s, in
cludi
ng th
e br
oker
's ow
n in
tere
sts;
•
Info
rm th
e cli
ent o
f any
mat
eria
l info
rmat
ion
abou
t the
pro
perty
or t
rans
actio
n re
ceive
d by
the
brok
er;
• An
swer
the
clien
t's q
uest
ions
and
pre
sent
any
offe
r to
or c
ount
er-o
ffer f
rom
the
clien
t; an
d •
Trea
t all p
artie
s to
a re
al e
stat
e tra
nsac
tion
hone
stly
and
fairly
. A
LICE
NSE
HOLD
ER C
AN R
EPRE
SENT
A P
ARTY
IN A
REA
L ES
TATE
TRA
NSAC
TIO
N:
AS A
GEN
T FO
R O
WNE
R (S
ELLE
R/LA
NDLO
RD):
The
brok
er b
ecom
es th
e pr
oper
ty o
wne
r's a
gent
thro
ugh
an a
gree
men
t with
th
e ow
ner,
usua
lly in
a w
ritte
n lis
ting
to s
ell o
r pr
oper
ty m
anag
emen
t agr
eem
ent.
An o
wne
r's a
gent
mus
t per
form
the
brok
er's
min
imum
dut
ies
abov
e an
d m
ust in
form
the
owne
r of a
ny m
ater
ial in
form
atio
n ab
out t
he p
rope
rty o
r tra
nsac
tion
know
n by
the
agen
t, in
cludi
ng in
form
atio
n di
sclo
sed
to th
e ag
ent o
r sub
agen
t by
the
buye
r or b
uyer
's ag
ent.
AS A
GEN
T FO
R BU
YER/
TENA
NT: T
he b
roke
r bec
omes
the
buye
r/ten
ant's
age
nt b
y ag
reei
ng to
repr
esen
t the
buy
er, u
sual
ly th
roug
h a
writ
ten
repr
esen
tatio
n ag
reem
ent.
A bu
yer's
age
nt m
ust p
erfo
rm th
e br
oker
's m
inim
um d
utie
s ab
ove
and
mus
t inf
orm
the
buye
r of a
ny m
ater
ial in
form
atio
n ab
out t
he p
rope
rty o
r tra
nsac
tion
know
n by
the
agen
t, in
cludi
ng in
form
atio
n di
sclo
sed
to th
e ag
ent
by th
e se
ller o
r sel
ler's
age
nt.
AS A
GEN
T FO
R BO
TH –
INTE
RMED
IARY
: To
act a
s an
inte
rmed
iary
bet
wee
n th
e pa
rties
the
brok
er m
ust f
irst o
btai
n th
e w
ritte
n ag
reem
ent o
f eac
h pa
rty to
the
trans
actio
n. T
he w
ritte
n ag
reem
ent m
ust s
tate
who
will
pay
the
brok
er a
nd, i
n co
nspi
cuou
s bo
ld o
r un
derli
ned
prin
t, se
t for
th th
e br
oker
's ob
ligat
ions
as
an in
term
edia
ry. A
bro
ker w
ho a
cts
as a
n in
term
edia
ry:
• M
ust t
reat
all p
artie
s to
the
trans
actio
n im
parti
ally
and
fairl
y;
• M
ay, w
ith th
e pa
rties
’ con
sent
, app
oint
a d
iffere
nt lic
ense
hol
der a
ssoc
iate
d w
ith th
e br
oker
to e
ach
party
(ow
ner a
nd b
uyer
) to
com
mun
icate
with
, pro
vide
opin
ions
and
adv
ice to
, and
car
ry o
ut th
e in
stru
ctio
ns o
f eac
h pa
rty to
the
trans
actio
n.
• M
ust n
ot, u
nles
s sp
ecific
ally
auth
orize
d in
writ
ing
to d
o so
by
the
party
, disc
lose
: •
that
the
owne
r will
acce
pt a
pric
e le
ss th
an th
e w
ritte
n as
king
price
; •
that
the
buye
r/ten
ant w
ill pa
y a
price
gre
ater
than
the
price
sub
mitt
ed in
a w
ritte
n of
fer;
and
• an
y co
nfid
entia
l info
rmat
ion
or a
ny o
ther
info
rmat
ion
that
a p
arty
spe
cifica
lly in
stru
cts
the
brok
er in
writ
ing
not t
o di
sclo
se,
unle
ss re
quire
d to
do
so b
y la
w.
AS S
UBAG
ENT:
A lic
ense
hol
der a
cts
as a
sub
agen
t whe
n ai
ding
a b
uyer
in a
tran
sact
ion
with
out a
n ag
reem
ent t
o re
pres
ent t
he
buye
r. A
suba
gent
can
ass
ist th
e bu
yer b
ut d
oes
not r
epre
sent
the
buye
r and
mus
t pla
ce th
e in
tere
sts
of th
e ow
ner f
irst.
TO A
VOID
DIS
PUTE
S, A
LL A
GREE
MEN
TS B
ETW
EEN
YOU
AND
A BR
OKER
SHO
ULD
BE IN
WRI
TING
AND
CLE
ARLY
EST
ABLI
SH:
• Th
e br
oker
’s du
ties
and
resp
onsib
ilitie
s to
you
, and
you
r obl
igat
ions
und
er th
e re
pres
enta
tion
agre
emen
t. •
Who
will
pay
the
brok
er fo
r ser
vices
pro
vided
to y
ou, w
hen
paym
ent w
ill be
mad
e an
d ho
w th
e pa
ymen
t will
be c
alcu
late
d.
LICE
NSE
HOLD
ER C
ONT
ACT
INFO
RMAT
ION:
Thi
s no
tice
is be
ing
prov
ided
for i
nfor
mat
ion
purp
oses
. It d
oes
not c
reat
e an
ob
ligat
ion
for y
ou to
use
the
brok
er’s
serv
ices.
Ple
ase
ackn
owle
dge
rece
ipt o
f thi
s no
tice
belo
w a
nd re
tain
a c
opy
for y
our r
ecor
ds.
A
ster
ra R
esid
entia
l d/b
/a A
ster
ra P
rope
rties
5907
75
info
@as
terra
.com
51
2-23
1-20
00
.
Lice
nsed
Bro
ker /
Bro
ker F
irm N
ame
or
Li
cens
e N
o.
E
mai
l
Phon
e
Prim
ary
Assu
med
Bus
ines
s N
ame
A
ndre
w K
arr
586
116
a
karr@
aste
rra.c
om
51
2-23
1-20
00 x
t 200
.
Li
cens
ed B
roke
r / B
roke
r Firm
Nam
e or
Lice
nse
No.
Em
ail
Ph
one
And
rew
Kar
r
5
8611
6
aka
rr@as
terra
.com
512-
231-
2000
xt 2
00 .
Lice
nsed
Sup
ervis
or o
f Sal
es A
gent
/ Ass
ocia
te
Lice
nse
No.
Em
ail
Ph
one
Tim
How
ard
71
3193
t
how
ard@
aste
rra.c
om
5
12-9
09-3
590
.
Sale
s Ag
ent/A
ssoc
iate
’s N
ame
Lice
nse
No.
Em
ail
Ph
one
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