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- LoopNet Team
2412 Richcreek Rd
Austin, TX 78757
Allandale Commons · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Located in the quickly gentrifying Burnet Road Corridor in the Allandale neighborhood of Austin
- Exterior Renovations: full paint and trim, perimeter wood-fencing, landscape improvements, lighting fixtures, patio courtyard, re-paved parking lot.
- Recent Leases Signed at 18.75% Premium
- Less than 7 miles to the State Capitol and Austin’s Downtown and CBD
- Complex sits at entrance of the uber-popular single-family Allandale neighborhood with homes averaging $687,500 (according to the Austin MLS)
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 6,120 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/2019 |
| Building Class | C | Parking Ratio | 2.78/1,000 SF |
| Zoning | CS | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,120 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2019 |
| Parking Ratio | 2.78/1,000 SF |
| Zoning | CS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Refrigerator
- Oven
- Range
- Vinyl Flooring
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Grill
ABOUT 2412 RICHCREEK RD , AUSTIN, TX 78757
This community is comprised of all studio apartments, offering a spacious floor plan with recent renovations. The building sits on a land site of 0.269814 acres (11,753 +/- SF) with 6,120 +/- SF of living area according to the Travis County Appraisal District (TCAD) records. Community features include trendy remodeled apartments with new white appliances, double-basin stainless kitchen sinks, cabinet and drawer pulls, two variations of faux-wood flooring, gray and espresso stained cabinets, white subway ceramic tile backsplashes, new IKEA bathroom vanities and lighting, drop-down kitchen pendant lighting, gas stoves for cooking, and multiple closets. There is one central laundry facility on-site with two new commercial washers/dryers for tenant’s convenience. Allandale Flats offers one surface parking space per resident.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | - | 330 |
PROPERTY TAXES
| Parcel Number | 239128 | Improvements Assessment | $1,512,350 |
| Land Assessment | $587,650 | Total Assessment | $2,100,000 |
PROPERTY TAXES
