8515 Shoal Creek Blvd
Austin, TX 78757
Creek Line · Multifamily Property For Sale · 83 Units

Built in 1972, the Property consists of three well-maintained buildings across a 2.8-acre site featuring three landscaped courtyards, two swimming pools, and a fitness center providing residents with a full suite of amenities. The apartment market fundamentals in North Central Austin are continually strengthening due to strong underlying economic drivers and growing demand for quality and affordable housing options. Prominently positioned on Shoal Creek Boulevard, just South of the Mopac/US-183 intersection and minutes from the Domain, The Arcadian has quick connectivity to the North Austin Tech Hubs and Downtown featuring employers like Amazon, Apple, Facebook, Google, Indeed and more. The Arcadian is in the backyard of Austin’s largest and most dynamic live-work-play environment, the Domain, which features luxury retail, entertainment and dining options for all demographics. The North Central Submarket continues to outperform the greater Austin area with higher in place rents and continued rent growth. Current ownership has invested approximately $300,000 improving the Property’s curb appeal and renovating unit interiors with stainless steel appliances and repainted cabinets. Investors are presented with an excellent value-add opportunity to continue the renovation on the remaining “legacy” units, incorporate higher-end finishes on existing units, and burn off in place concessions to increase bottom-line NOI.