1007 E Rundberg Ln
Austin, TX 78753
Alma North Plaza I · Multifamily Property For Sale · 112 Units

Spanish Palms is a charming apartment community in the heart of Austin, Texas. Built in 1972, the complex consists of 112 units arranged in nine two-story garden-style buildings. The apartments offer a mix of four spacious floorplans consisting of a one-bedroom/one-bathroom unit measuring 750 square feet, a two-bedroom/one-bathroom unit measuring 917 square feet, a two-bedroom/two-bedroom unit measuring 1,027 square feet, and a three-bedroom/two-bedroom unit measuring 1,200 square feet. The units feature faux wood flooring, balcony/patio areas, ceiling fans, washer/dryer connections, and kitchen equipped with refrigerators, ovens, dishwashers, and garbage disposals. The community keeps a well-maintained property with a swimming pool, playground, barbecue grills, open grass areas, two laundry facilities, and an on-site leasing center. Perhaps the most alluring aspect of Spanish Palms is its central location in the capital of the Lonestar State. Located in the Heritage Hills neighborhood in northeast Austin just about eight miles from downtown, Spanish Palms is within minutes of everything Austin has to offer. Spanish Palms is a quiet, suburban property closely surrounded by employment opportunities, a strong retail presence, and recreational activities. Within just a couple miles, residents can find an H-E-B, Walmart, the Gustavo L. Garcia Park & Recreation Center, several restaurants and eateries, and much more. The apartments are conveniently located directly off Interstate 35, giving residents easy means to all other major thoroughfares as well as interregional access. A best-in-class asset, Spanish Palms is a unique offering provides investors long term stability with upside potential and long-term value appreciation.