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Browse More Listings in Multifamily For Sale, Austin, TX or Texas

Multifamily Property For Sale

Villages V Apartments

709 Lamar Place, Austin, TX 78752

Price:
$1,450,000
No. Units:
30
Building Size:
19,650 SF
Price/Unit:
$48,333.33
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
No. Stories:
2
Year Built:
1969
Lot Size:
29,982 SF
Find Out More...

Last Verified 11/2/2009 Listing ID 15942538

Highlights

15 MINUTES NORTH OF THE UNIVERSITY OF TEXAS
4 OTHER ADJACENT PROPERTIES ARE ALSO LISTED FOR SALE

NEW EXTERIOR PAINT - SEPTEMBER 2008

Description

The Villages V Apartments is a 30 unit apartment complex built in 1969 and is located in NC Austin. The 30 units are comprised of (22) 1-1s with sq. ft. around +/-575 sq. ft., and (8) 2-1.5 with sq. ft. around +/-875 sq. ft. The property has a flat and pitched roof, wood exterior and is individually metered for electricity. Water/waste water and gas is passed through to the tenants. 4 OTHER ADJACENT PROPERTIES ARE ALSO LISTED FOR SALE. THE 5 ADJACENT SEPARATE PROPERTIES TOTAL 184 UNITS.

The Villages V Apartments are located at 709 Lamar Place in NC Austin. THE PROPERTY IS LESS THAN 1 MILE FROM THE FUTURE SITE OF THE METRO RAIL RED LINE LIGHT RAIL STATION. It is 15 minutes north of the University of Texas and is conveniently located close to Loop 1 (Mopac) and U.S. Hwy 183.

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$216,360
Effective Gross Income
$227,542
Operating Expenses
$125,000
Net Operating Income
$102,542

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
One Bedroom / One Bath	22	$569	575
Two Bedroom / One and One-Half Bath	8	$689	875
(proforma rents used above)	8	$689	875

Map of 709 Lamar Place, Austin, TX 78752 (Travis County)

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Presented by

The Jones & Jones Company

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Contact Listing Broker

Stephen Frankel (512) 288-8522

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Created 10/14/2008

Additional Information for 709 Lamar Place, Austin, TX 78752

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Villages V Apartments

709 Lamar Place, Austin, TX, 78752