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$1,340,000

NAL Estimated Property Value

1205 Southport Dr, Austin, TX, 78704

Off MarketInfo
Beds— Beds
Baths— Bath
Baths5,622 Sq Ft
ApartmentApartment
price_per_sqft$320.17 / sqft
Year BuiltBuilt in 1983

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size12,123 sqft

Building Information

Year Built1983
Stories2
Roof Type105

Land Information

APN04070701230000
Lot Number15
SubdivisionSouthridge Sec 6
Land UseCommercial
Legal DescriptionLOT 15 BLK B SOUTHRIDGE SEC 6
Census Tract002006
Assessed Land Value$381,818
Assessed Improvement Value$958,182
Assessment Year2025

About this property

Back on market. Average monthly for 2022 = $10,361/month: $124,332/yr; and in 2023, $10,669/month = $128,028/yr. 6 unit apartment building. All units remodeled and updated within the last 4 years. Stainless steel appliances, granite counters, wifi enabled thermostats. Vinyl plans flooring in common areas, carpet in bedrooms. All units have washer/dryer connections. All units have fenced patio areas and storage rooms. Pictures are of unit 1 at 1205 Southport; all units are in comparable condition. Eight unit apartment building next door at 1207 Southport is also available.

Investor Tools

Property Icon
$1,340,000
Estimated Property Value
$295,166Estimated Mortgage Balance
$1,045,283Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,972/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,969
$1,340,000
2025
$381,818
$958,182
$1,340,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$28,969
$1,340,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
James D. Caswell, A Married Person
Unknown
$300,000
No
First
May 13, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,166
$1,044,834
77%
22%
$1,799/mo

City: Austin

1205 Southport Dr | Property Details | No Agent List