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Dryfield Apartments 8501 Dryfield Dr 43 Unit Apartment Building For Sale Austin, TX 78758
Investment Highlights
- Well Maintained Asset with Value Add Upside
- Transformative Developments Nearby
- Perfectly Positioned with Direct access to Hwy 183 between Mopac and Interstate 35
- 5 Minutes from The Domain
- Opportunitsic Time to Enter Market at a Compelling Basis
Executive Summary
Walker & Dunlop Investment Sales (WDIS) has been exclusively
retained to offer the fee simple interest in Dryfield Apartments
& Studios (the “Property”), a 48 unit low density, garden-style
apartment community featuring two 1970-vintage buildings on either
side of Dryfield Drive in North Central Austin, TX. Positioned near
The Domain (Austin’s “Second Downtown”), the Property is
proximate to tech heavyweights Amazon, IBM, Facebook, and
Indeed, while supported by over 113,000 employees within three
miles. Residents enjoy the most dynamic leisure and entertainment
choices in the MSA via The Domain, Gateway, Austin FC Q2
Stadium, Northcross Mall, and the nearby brewery district, while
walking distance to needs-based retail and local eateries. Centrally
located with direct access to major thoroughfares Highway 183, I-35,
and MoPac Expressway, the Property is strategically positioned in
a rapidly gentrifying submarket.
The Property is being offered on a free and clear basis.
retained to offer the fee simple interest in Dryfield Apartments
& Studios (the “Property”), a 48 unit low density, garden-style
apartment community featuring two 1970-vintage buildings on either
side of Dryfield Drive in North Central Austin, TX. Positioned near
The Domain (Austin’s “Second Downtown”), the Property is
proximate to tech heavyweights Amazon, IBM, Facebook, and
Indeed, while supported by over 113,000 employees within three
miles. Residents enjoy the most dynamic leisure and entertainment
choices in the MSA via The Domain, Gateway, Austin FC Q2
Stadium, Northcross Mall, and the nearby brewery district, while
walking distance to needs-based retail and local eateries. Centrally
located with direct access to major thoroughfares Highway 183, I-35,
and MoPac Expressway, the Property is strategically positioned in
a rapidly gentrifying submarket.
The Property is being offered on a free and clear basis.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 1.10 AC |
| No. Units | 43 | Building Size | 25,640 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 2.07/1,000 SF |
| Zoning | Austin MF3 Multifam | ||
| Sale Type | Investment |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 25,640 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | Austin MF3 Multifam |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 420 |
| 1+1 | 35 | - | 420 - 600 |
| 2+1 | 2 | - | 900 |
| 3+1 | 1 | - | 950 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 242745 | Improvements Assessment | $3,266,450 |
| Land Assessment | $647,000 | Total Assessment | $3,913,450 |
Property Taxes
Parcel Number
242745
Land Assessment
$647,000
Improvements Assessment
$3,266,450
Total Assessment
$3,913,450
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Dryfield Apartments | 8501 Dryfield Dr
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