240-Unit Infill Asset For Sale in North Central Austin

Austin Commons Presents Acquisition Opportunity for Multifamily Investors in the Highly Dynamic North Central Apartment Market

AUSTIN, TEXAS – Austin Commons is a well-maintained infill asset in the highly dynamic north central Austin apartment submarket.  Constructed in 1971, the property consists of 240 units with a strong unit mix of one-, two- and three-bedroom floor plans.  The property is conveniently located approximately one mile north of US Highway 183 and just west of Interstate 35, both major traffic arteries through Austin.  Well-appointed units range from 595 square feet one bedrooms to 1,041 square feet three bedroom / two bath units.  Attractive community amenities include two swimming pools, a resident clubhouse, business center, fitness center, controlled-entry access gates, picnic areas and on-site laundry facilities.  With excellent proximity to major highways and growing employment opportunities, Austin Commons offers strong future rent growth potential, long-term stability and excellent value appreciation.

Austin Commons - Austin, TX

Constructed in 1971, Austin Commons in Austin’s north central apartment market, presents a value-add investment opportunity by repositioning through renovation.

Excellent North Austin Location:  Located one mile from the highly traveled interchange at Interstate 35 and US Highway 183, and within three miles of Mopac Expressway, this north Austin location provides excellent access to the city’s various employment centers, major retail concentrations, nearby schools and entertainment venues.  Austin Commons is conveniently located near the Austin Central Business District, The University of Texas at Austin (one of the largest universities in the nation with over 50,000 students enrolled), and The Austin-Bergstrom International Airport to the south.  Additionally, The Arboretum and Arboretum Market, The Domain, Gateway Shopping Center and Arbor Walk are all within close proximity.

Austin Commons - Austin, TX

Extensive community amenities include two sparkling swimming pools, on-site laundry facilities, a tennis court and green courtyards with bar-b-que grills.

Nearby employers include:  Dell Computers, Seton Hospital Northwest, North Austin Diagnostic Center, IBM, Balcones Research Center, MCC, Time-Warner, Freescale, National Instruments and State Farm Insurance, HEB Grocery, Wal-Mart, Sears, Lowe’s, Home Depot, Costco, Sam’s Wholesale Club, Super Target and Whole Foods.  Residents of Austin Commons benefit from the convenient location near Interstate 35, US Highway 183 and Capital of Texas Highway (Loop 360).

All Cash Financing:  This investment opportunity is being offered on an all cash basis, allowing for unrestricted financing options and the ability to capitalize on today’s historically low interest rates.

For the complete marketing package, please return the Confidentiality Agreement via fax or email, or contact us directly.

For additional investment information, please contact:

Joe James | jjames@marcusmillichap.com | 512-338-7852

Kent Myers | kmyers@marcusmillichap.com | 512-338-7853

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