Marcus & Millichap Sells a 129-Unit Multifamily Property
AUSTIN, TEXAS – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Fountainhead, a 129-unit multifamily property located at 4100 Victory Drive in Austin, Texas, according to J. Michael Watson, Regional Manager of the firm’s Austin office.
Kent Myers and Joe James, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a partnership, was also secured by Kent Myers and Joe James.
Built in 1983, Fountainhead offers units ranging from 373-square foot efficiencies to 774-square foot two bedroom units. Apartment amenities include large patios and balconies, ceramic tile entries, walk-in closets and faux wood flooring in select units.