7685 Northcross Drive

Description

TURNKEY CENTRAL AUSTIN CONDO PORTFOLIO 7 UNITS Rare opportunity to acquire seven income-producing condominium units as a portfolio in the sought-after Allandale area of Central Austin. The portfolio includes six 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, offering an exceptional opportunity for an investor seeking a turnkey rental portfolio in a highly desirable location. Several units are currently furnished and have been successfully utilized for short-term and longer-term rentals. Two of the one-bedroom units and the two-bedroom unit are furnished, while all units have historically been income-producing, with the exception of the 2-bedroom unit, which has been used as a secondary residence. The units are ideally positioned within a peaceful, private condominium community with established charm and laid-back Austin vibes, featuring courtyard views and mature oak trees providing beautiful shade. Furnishings and chattels convey with the sale, allowing for a seamless transition for continued rental use. Furnishings include king beds, bedding, sofas, desks and chairs, wall art, and fully equipped kitchens. Each unit also includes a refrigerator, washer and dryer, and Nest thermostat. The community offers an impressive collection of amenities, including a pool, clubhouse, fitness center, common-area workspaces, event space, and game room. HOA dues include high-speed internet and cable, water and wastewater, trash, recycling and composting, and parking for two vehicles per unit. HOA rules require a minimum 30-day rental period. Conveniently located in Central Austin with easy access to Burnet Road’s popular restaurants, coffee shops and shopping, as well as Northwest Park and surrounding neighborhood amenities. The property also feeds to excellent schools, adding to its long-term appeal. A unique opportunity to acquire a turnkey, furnished-ready portfolio in one of Central Austin’s most established and desirable neighborhoods.