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INVESTMENT HIGHLIGHTS
- Located in Austin’s most iconic ZIP code, 78704, good candidate for value-add, condo conversion, short term rental, or a long term covered land play
- Modern, durable interior renovations with concrete floors, stainless steel appliances, and exposed brick accent walls
- Well maintained, pride of ownership evident for over 10 years
- 6 individual parcels creating optionality to sell separately while maintaining economies of scale
- Less than 0.2 miles from St. Edward’s University, and walking distance to SoCo Entertainment District
- Balanced unit mix of 1 BR and 2 BR floorplans with large average unit sizes (800 +/- SF)
EXECUTIVE SUMMARY
Willowrun Collective is a series of 6 fourplexes (24 units) located at 3416, 3418, 3420, 3422, 3428, and 3430 Willowrun Drive, Austin, TX 78704 in South Central Austin, just across the street from St. Edward’s University. All buildings are single-story with poured concrete front patios and private entrances. The combined land size is approximately 1.12 acres. The property is a good candidate for value-add, condo conversion, short term rental, or a long term covered land play.
This community offers an even mix of one- and two-bedroom units, with spacious floor plans ranging from approximately 700 to 900 square feet. The fourplexes feature identical or mirrored layouts, creating efficiencies in operations by standardizing square footage, design, and orientation across all unit types. Additionally, there are 3 shared laundry rooms, leaving opportunity to add additional services or connections. Interiors have been renovated with sleek and modern finishes including polished stained concrete flooring, stainless steel kitchen appliances, updated light fixtures, and European-style cabinetry. The bathrooms provide a contemporary feel with their tile-wrapped showers with river pebble flooring. Bedrooms are notably oversized and include ample closet space.
Willowrun Collective is conveniently located in South Central Austin, east of S. Congress Ave. and west of IH-35, providing convenient access to all parts of Austin. Residents enjoy speedy access to the downtown Austin CBD and entertainment districts as well as the Austin Bergstrom International Airport, located 7.8 +/- miles to the east. The property benefits from being less than 3.0 +/- miles from some of Austin’s most popular greenspaces and parks, including the Barton Creek Greenbelt, Barton Springs Pool, Zilker Park, Auditorium Shores (Palmer Events Center and The Long Center), and Lady Bird Lake.
This community offers an even mix of one- and two-bedroom units, with spacious floor plans ranging from approximately 700 to 900 square feet. The fourplexes feature identical or mirrored layouts, creating efficiencies in operations by standardizing square footage, design, and orientation across all unit types. Additionally, there are 3 shared laundry rooms, leaving opportunity to add additional services or connections. Interiors have been renovated with sleek and modern finishes including polished stained concrete flooring, stainless steel kitchen appliances, updated light fixtures, and European-style cabinetry. The bathrooms provide a contemporary feel with their tile-wrapped showers with river pebble flooring. Bedrooms are notably oversized and include ample closet space.
Willowrun Collective is conveniently located in South Central Austin, east of S. Congress Ave. and west of IH-35, providing convenient access to all parts of Austin. Residents enjoy speedy access to the downtown Austin CBD and entertainment districts as well as the Austin Bergstrom International Airport, located 7.8 +/- miles to the east. The property benefits from being less than 3.0 +/- miles from some of Austin’s most popular greenspaces and parks, including the Barton Creek Greenbelt, Barton Springs Pool, Zilker Park, Auditorium Shores (Palmer Events Center and The Long Center), and Lady Bird Lake.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 24 | Lot Size | 1.12 AC |
| Property Type | Multifamily | Building Size | 19,464 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1969 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 19,464 SF |
| No. Stories | 1 |
| Year Built | 1969 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
| 2+1 | 12 | - | 900 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,967,761 | |
| Land Assessment | $3,159,130 | Total Assessment | $6,126,891 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,159,130
Improvements Assessment
$2,967,761
Total Assessment
$6,126,891
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Willowrun Apartments | 3416 Willowrun Dr
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