Income generating commercial property! 2.5 acres in a gated community with two 100% tenant-occupied, 4-unit apartment buildings, and 6 additional pre-developed lots for more apartments to be built. Additional improvements on property include an under-ground water detention pond, generator, mailbox cluster, and a 77-space parking lot. Property is already connected to public utilities including electric, natural gas, sewer, and water. Easy access to I-35, neighborhood park, retail, and Downtown Austin. Ideal for an investor to complete the project while receiving immediate cash flow!