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708 W 15th St
Georgetown, TX 78626
The Rail at Georgetown · Multifamily Property For Sale
·
111 Units
PROPERTY FACTS
| No. Units | 111 | Building Size | 67,800 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1986/2018 |
| Building Class | C | Parking Ratio | 3.49/1,000 SF |
| Lot Size | 4.87 AC | ||
| Zoning | RM-3 | ||
| No. Units | 111 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.87 AC |
| Building Size | 67,800 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2018 |
| Parking Ratio | 3.49/1,000 SF |
| Zoning | RM-3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Walk-In Closets
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Courtyard
- Fenced Lot
- Picnic Area
- Gated
- Grill
- Package Service
- Pet Play Area
- Maintenance on site
- Public Transportation
ABOUT 708 W 15TH ST , GEORGETOWN, TX 78626
The Rail is a 111 units apartment property located just 1 block from the beautiful San Gabriel river. The asset was built in 1986. The property has undergone interior and exterior rehab. The Rail at Georgetown is next to beautiful Kelley Park and just blocks from the town square, grocery stores, shopping and entertainment. The property consists of one and two bedroom apartment homes with unique floor plans designed to provide easy living through maximum efficiency, and small building groups make parking that's just steps to the front door. Residents benefit from options like valet trash, and in-unit washer/dryer. Pets are welcome and there is a Rail Yard Bark Park! The community is within close proximity to a GoGeo transit stop, 1.3 miles from Southwestern University, with easy access to Interstate 35, Round Rock, The Domain, and Downtown Austin. The owner could add 2 more units by moving the office to the railway car and putting the laundry room in the store room. Per owner, 54 units have received a total rehab, of which 41 are 1 BR-1 BA and 13 are 2 BR-1 Ba. Several buildings have also received new siding and paint. Future taxes were adjusted based on the attached tax analysis.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 400 |
| 2+1 | 111 | - | 600 - 850 |
PROPERTY TAXES
| Parcel Number | R042684 | Improvements Assessment | $2,909,545 |
| Land Assessment | $339,964 | Total Assessment | $3,249,509 |
PROPERTY TAXES
