Multifamily Property For Sale - Galewood Apts - 9.6% CAP

8919, 8929 Galewood Dr, Austin, TX, 78758

 

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Galewood Apts - 9.6% CAP

8919, 8929 Galewood Dr, Austin, TX 78758

Front
  • $495,000
  • 16
  • 10,176 SF
  • $30,937.50
  • Multifamily
  • Garden/Low-Rise
  • Investment
  • 9.60%
  • 5.01
  • 95%
  • 2
  • 1973
  • 0.70 AC
  • 000000000
  • 23 / 1,000 SF
  • Find Out More...
Last Verified  11/3/2009 Listing ID  16190883

Highlights

  • Well Maintained Property, Owners Completed Many Capital Improvements
  • Desirable Unit Mix of One and Two Bedrooms
  • Extensive Upgrades to Property Inside and Out
  • Two Separate 8-Unit Parcels
  • Upside in Rent
  • Two Laundry Rooms

Description

This property consists of 2 separately parceled 8-unit buildings, a desirable unit mix of 1 & 2 Bedrooms, and two laundry rooms. It is separately metered for Electric. (There is no Gas)
The owner of the property has done extensive work to make this property well maintained and in good condition. There is a new roof, new A/C units, new rain gutters, new wooden railing/balconcies and new paint. The foundation has a $12,000 new Cable Lock Plus Foundation System with a lifetime warranty. Fifty percent of the interiors have undergone a recent rehab.

The subject property is well situated in North Austin and sits a 1/2 block from US-183, in the middle between the two major freeways, Highway 1 (MoPac) and Interstate 35. It's close to the Northcross Mall, the Arboretum, the University of Texas JJ Pickler Center, and the new Domain Mall partially built.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Actual
  • 2009
  • $103,740
  • $98,553
  • $45,657
  • $52,896
  • $52,896

Map of 8919, 8929 Galewood Dr, Austin, TX 78758 (Travis County)

Contact Listing Broker to find out more details.

Presented by

Marcus & Millichap

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Contact Listing Broker
Mark Bridge (512) 338-7800 Ext: 7858
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Created 4/13/2009

Additional Information for 8919 Galewood Drive, Austin, TX 78758

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 2 Historic Listings
  • Sales Comparables Available - 1 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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