4127 E 12th St

East Austin, Austin, TX 78721

Introducing an exciting investment opportunity in the up-and-coming East Austin area!Springdale Commons is the latest development from Austin's premier green builder, Fortunate Foundations. Consisting of eightunits, this unique complex is perfectly positioned to capitalize on the area's growth and potential. Expected completion date August2023.Located in the heart of East Austin, this development offers a prime location that is attracting attention from investors and residentsalike. With its vibrant arts scene, trendy restaurants, and proximity to downtown, East Austin is quickly becoming one of the mostsought-after neighborhoods in the city.The complex itself boasts 8 energy-efficient units across 3 buildings enveloped in continuous thermal and noise-insulating foam.These modern, eco-friendly features not only provide residents with a comfortable and tranquil living experience but also contributeto reduced energy costs and a smaller carbon footprint.One of the unique advantages of this property is its commercial zoning, allowing for the allocation of two units specificallydesignated for short-term rentals (STRs). With the increasing popularity of Austin as a tourist destination, STRs present an excellentopportunity to maximize your investment returns. Buyer to verify.As you evaluate the financials, rest assured that this property offers a competitive Cap Rate of 4.6% and an impressive ProForma CapRate of 5.8%. Perform a thorough analysis of the projected rental income from long-term leases, as well as the potential incomefrom the designated STR units.Don't miss your chance to be part of the East Austin growth story. This multi-family complex presents an ideal blend of location,energy efficiency, and investment potential. Contact us today to secure your place in this thriving community and start reaping thebenefits of this exceptional opportunity.