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

Multifamily Property For Sale

Shalimar Apartments

701 North Loop Blvd, Austin, TX 78751

Price:
$1,090,000
No. Units:
17
Building Size:
12,376 SF
Price/Unit:
$64,117.65
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
No. Stories:
2
Year Built:
1969
Lot Size:
14,625 SF
Find Out More...

Last Verified 11/2/2009 Listing ID 16186330

Highlights

CENTRAL NORTH CENTRAL LOCATION
FEW MINUTES FROM THE UNIVERSITY OF TEXAS

TOWNHOME STYLE UNITS

Description

The Shalimar Apartments is a 17 unit apartment complex built in 1969 and is located in Central North Central Austin. The 17 units are all 1-1.5 townhome style units with sq. ft. around +/-728. The property has a flat roof, brick/stucco/wood exterior, 3 covered parking spaces and is individually metered for electricity. It also has 1 gas heated boiler for the hot water.

The Shalimar Apartments are located at 701 North Loop Blvd in Central North Central Austin. The property is a few minutes from the University of Texas and is close to Loop 1 (Mopac).

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$142,596
Effective Gross Income
$139,466
Operating Expenses
$65,900
Net Operating Income
$73,566

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
One Bedroom / One & One Half Bath	17	$699	728
(Proforma Rents Used Above)	17	$699	728

Map of 701 North Loop Blvd, Austin, TX 78751 (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 4/9/2009

Additional Information for 701 W North Loop Boulevard, Austin, TX 78751

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 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 - Shalimar Apartments

701 North Loop Blvd, Austin, TX, 78751