Highlights

• 12.71% Cash On Cash Return
• 24 Hour IP Video Surveillance
• 1.3 Miles from the Crestview Light Rail Station

• Close to Major Employers
• 20 Year Usable life Artificial Grass
• Possible Future Redevelopment

Description

DO NOT SET FOOT ON PROPERTY WITHOUT NOTIFYING LISTING BROKER. Marcus & Millichap is pleased to exclusively offer the Autumn Chase Apartments, a well located 84-unit apartment complex in the North Austin submarket. The complex offers 39 efficiencies, 22 one-bedroom/one-bathroom units, 22 two-bedroom/two-bathroom units and an office consisting of 43,746 rentable square feet.

This well located asset boasts frontage on US Highway 183, one of Austin's major arterial thoroughfares, and is within walking distance of many major employers. Autumn Chase is also located less than 1.3 miles from the Crestview Light Rail Station, Austin's newest source of mass transit.

This property was fully renovated down to the studs in 2004 and 2005 with many of the units now containing two-tone paint and laminate wood flooring. The exterior of the property has also been upgraded with 20-year artificial grass, and extensive landscaping. Also added was a 24-hour IP video surveillance system, allowing an out of state owner to view the property over the Internet.

With its relative location to the Light Rail and the properties immaculate physical condition, Autumn Chase provides an excellent opportunity for all investors.