$485,000

An investor's dream, this newly renovated W. 6th Street Clarksville apartment has been cash flow positive from day 1, generating approximately $45,000-$55,000 in gross profit per year. The HOA allows short-term rentals, a rare thing in downtown condo's. It has also successfully served as a furnished 30-day+ rental at an average rent of $3,800 per month. The apartment shares a parking lot with Swedish Hill, Rosie's Wine Bar and Howard's Bar and Club and is across the street from Clark's Oyster Bar. The neighborhood has a walkability score of 97, making it an ideal place for those visiting or transitioning to Austin. The neighborhood itself keeps getting better, as Mcguire Moorman Lambert Hospitality Group continues to develop the area. Recent improvements to the apartment include (all in 2022): new hardwood floors, gut renovated bathroom, brand new HVAC system, brand new hot water heater, updated doors, updated hardware, updated fixtures, and freshly painted throughout. Comes with a dedicated covered parking spot for the unit and 3 guest parking spots for the 14 unit building.