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1101 Rutland Dr
Austin, TX 78758
Runnymede · Multifamily Property For Sale
·
252 Units
Investment Highlights
- Historical Occupancy around 99% with a Waitlist
- Rare LIHTC Deal providing affordability in North Austin
- Low Basis and Attractive Yield investment opportunity
- 15+ years Continuous Ownership (good candidate to continue CHDO program)
- New Roof (~$1M) in 2024, consistent capital improvements, and meticulously maintained
- Long-term Tenants & Staff providing a genuine sense of community
Property Facts
| No. Units | 252 | Building Size | 186,860 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.46/1,000 SF |
| Lot Size | 14.51 AC | ||
| Zoning | MF2 | ||
| No. Units | 252 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.51 AC |
| Building Size | 186,860 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | MF2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 108 | - | 600 |
| 2+1 | 50 | - | 767 |
| 2+1.5 | 34 | - | 775 |
| 3+2 | 60 | - | 956 |
Property Taxes
| Parcel Number | 247380 | Improvements Assessment | $23,841,776 |
| Land Assessment | $2,528,224 | Total Assessment | $26,370,000 |
Property Taxes
Parcel Number
247380
Land Assessment
$2,528,224
Improvements Assessment
$23,841,776
Total Assessment
$26,370,000
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