4210 Red River Street
Property Description
COMPREHSIVE RENOVATION, TURNKEY ASSET Casa Marfil is a 73-unit, 1970-vintage community that completed a comprehensive $1 .57 million renovation in 2025 — approximately $21,500 per unit invested by current ownership. The renovation scope covered major systems and surfaces: a full roof replacement, electrical upgrades with all-new subpanels, washer/ dryer connections added throughout, and completely refreshed interiors featuring quartz countertops, stainless steel appliances, modern flooring, and tile shower surrounds. Exterior improvements included all new windows and doors, new railings, fresh paint, and a renovated pool and lounge area — leaving a buyer with a like-new asset and minimal near-term capital requirements. SUPPLY CONSTRAINTS / INFILL SCARCITY Hyde Park is among Austin's most established infill neighborhoods, where vacant land is scarce and new multifamily development faces meaningful barriers – both physical and political. Despite 2024 and 2025 ranking among the largest delivery years in Austin MSA history, this submarket accounted for less than 2 .3% of total units completed (RealPage). Casa Marfil's fully renovated condition positions it as among the best-conditioned assets in the submarket, with little comparable new supply expected to compete directly for the same renter profile.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 73 |
| Year Built: | 1970 |
| Lot Size: | 1.47 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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