Joe James & Kent Myers of Marcus & Millichap Sell a 294-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 Rutland Place, a 294-unit multifamily property located at 1711 Rutland 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 nonprofit organization. The buyer, a partnership, was also secured by Kent Myers and Joe James.
Rutland Place contains well-appointed units ranging from 400-square foot efficiencies to 1,254-square foot two-bedroom/two and one-half bath units. Property amenities include two sprawling swimming pools, hot tubs, covered parking, a resident clubhouse, business center, fitness center, picnic areas and on-site laundry facilities.