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$7,000,000

908 Old Koenig Ln, Austin, TX, 78756

On MarketInfo
Just AddedInfo
Beds— Beds
Baths— Bath
Baths16,290 Sq Ft
OtherOther
price_per_sqft$429.71 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size1.99 acres

Building Information

Year Built1990
Stories1

Land Information

APN02290708280000
SubdivisionWupperman Addn Sec 2
Land UseCommercial
Legal DescriptionBLK F WUPPERMAN ADDN SEC 2
Census Tract001505
Assessed Land Value$7,378,510
Assessed Improvement Value$1,759,451
Assessment Year2025

About this property

Exceptional opportunity to acquire a ±16,290 SF church campus on approximately 1.99 acres in the heart of Central Austin. The property features a sanctuary, fellowship hall, classrooms, administrative offices, kitchen facilities, and approximately 85 on-site parking spaces (5.2 spaces per 1,000 SF). Ideally suited for continued religious use, educational, nonprofit, community-serving organizations, or potential adaptive reuse and redevelopment opportunities, subject to zoning and applicable governmental approvals. Strategically located with convenient access to N. Lamar Blvd., Burnet Rd., US-183, Mopac (Loop 1), and I-35, the property offers outstanding accessibility in one of Austin's most established infill markets. Contact the listing broker for additional information or to schedule a private tour.

Investor Tools

$866,087Estimated Mortgage Balance
$8,273,164Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$54,828 /month
Positive
Cash Flow Estimate:
$18,276 /month

Interested in this property?

David Buttross

Buttross Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$14,925/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$9,137,961
2025
$7,378,510
$1,759,451
$9,137,961
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$9,137,961

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Payman Dargahi
Commercial
$150,000
No
First
Nov 20, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$866,087
$8,271,874
90%
9%
$5,247/mo

City: Austin

908 Old Koenig Ln | Property Details | No Agent List