84-Unit North Austin Apartment Property Hits the Market

Joe James and Kent Myers are pleased to present Autumn Chase, a well-maintained infill asset  built in 1972.

Autumn-Chase-Apartments-for-sale-Austin-Texas

Located at 8600 Research Boulevard in north Austin, Autumn Chase boasts significant recent renovations including extensive interior and exterior upgrades.  With an excellent location near US Highway 183, Interstate 35 and The Mopac Expressway/Loop 1, the asset represents an outstanding investment opportunity offered on a cash to existing note basis.

Desirable North Austin Infill Apartments: Autumn Chase is a well maintained infill asset in the high-demand North Central Austin apartment submarket. Built in 1972 with a total of 84 units, Autumn Chase is comprised of efficiencies, one bedroom/one bath units, and two bedroom/one bath units. The property location is just minutes west of Interstate 35 and minutes east of the Mopac Expressway with frontage and good visibility from US Highway 183, all major traffic arteries in Austin. Autumn Chase has a strong history of occupancy.

The property was fully renovated “down to the studs” in 2004-2005 with many of the units now containing two-tone paint and laminate wood flooring. The exterior of the property has been upgraded with 20-year artificial grass and extensive landscaping. There is a 24 hour IP video surveillance system, allowing an out-of-state owner to view the property remotely. Autumn Chase is located approximately one mile from the Crestview Light Rail Station, Austin’s newest source of mass transit. The premier location at the confluence of Highway 183, the Mopac Expressway, and Loop 360, as well as the property’s well-designed floor plans render Autumn Chase an outstanding acquisition opportunity. This unique offering of 84 units provides investors long term stability with upside potential and long term value appreciation.

Excellent North Austin Location: Located one mile from Interstate 35/US Highway 183 interchange, and within two miles of the Mopac Expressway, this strategic North Austin location provides excellent access to Austin’s various employment centers, shopping, schools, and restaurants. Autumn Chase 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 55,000 students), and The Austin-Bergstrom International Airport to the south. Additionally, The Arboretum and Arboretum Market, The Domain, Gateway Shopping Center, and a variety of movie theatres are in close proximity. 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. Other nearby retailers include HEB Grocery, Walmart, Sears, Lowe’s, Home Depot, Costco, Sam’s Wholesale Club, Super Target, and Whole Foods. Autumn Chase’s convenient location near Austin’s major thoroughfares allows tenants access to all parts of Austin, making this a desirable rental community for all types of residents.

Financing: This investment opportunity is being offered on a cash to existing note basis.

For the complete marketing package, you may electronically sign the Autumn Chase Confidentiality Agreement.

For additional investment information, please contact:

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

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

Follow us on Twitter @JamesMyersMF for the latest market news and activity.

The James-Myers Multifamily Team of Marcus & Millichap participated in the sale of 22 transactions in 2012 totaling over 3,000 units and more than $123 Million in sales across Texas.  Contact us for acquisitions, dispositions, property evaluations or market information for your Texas apartments.

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