5507 Clay Ave #1A, 1B, 1C, 2A, 2B, 2C

Austin, Texas 78756

THE BEVERLY - THIS IS THE ONE. Make this the pride of your real estate portfolio! Incredible opportunity of a lifetime to own a fully leased, custom, luxury, new construction 6-Plex right in the heart of Austin, comprising of two separate triplexes right next to each other. In the highly desired neighborhood of Brentwood - 8 mins to UT, 10 mins to Downtown and 12 mins to the Domain, tier 1 schools. Walking distance to restaurants, bars, shopping, grocery stores, parks, etc. Currently long term rentals but with the location, beauty and features of this property, the income potential of is limitless. Short term rental multi-families in the area with less features are bringing in ~$300,000 - $500,000 in annual revenue. Current owner kept as long term rentals to maintain the property's pristine condition. Currently leased out for multiple years with built-in annual rent increases and a waitlist. Featuring four 3 bed 3 bath units and two 2 bed 2 bath unit, this property was built with great attention to detail from a seasoned custom luxury builder, no builder grade anything! Exclusive features that set this beauty apart include; private rooftop lounges for each unit with downtown views, 2nd and 3rd floor balconies, premium appliances, in suite bathrooms, premium quarts countertops in kitchen and all bathrooms, separate AC control on each floor, spacious backyard, premium artificial turf and crushed granite landscaping for zero maintenance, separately metered - electric, gas and water for each unit. Call now, don't wait! LEASES - Unit 1A: 3 year lease with $150 annual rent increases. Rent; Year 1 - $3,795, Year 2 - 3,945, Year 3 - $4,095. Unit 1B: 1 year lease. Rent; Year 1 - $2,995. Unit 1C: 2 year lease with $200 annual increase. Rent; Year 1 - $3,795, Year 2 - $3,995. Unit 2A: 1 year lease. Rent; Year 1 - $3,895. Unit 2B: 1 year lease. Rent; Year 1 - $3,195. Unit 2C: 1 year lease. Rent; Year 1 - $3,895. Information provided is deemed reliable, buyer to verify.