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- LoopNet Team
8930 Galewood Dr
Austin, TX 78758
Village Flats · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- ~10% Increase on New Leases
- 2 ± Miles to "The Domain," an upscale Lifestyle Center (2.45M ± SF in 3 Phases)
- Individually Metered Electric / Hot Water
- 1 ± Mile to 20,500-seat, $242M, Major League Soccer Stadium (opening 4/2021)
- 6 ± Miles to Apple’s NEW $1 Billion, 133-Acre Campus (creating 5,000+ jobs)
- Located on CapMetro Bus Route and close to Hwys - US 183, Mopac, IH-35
PROPERTY FACTS
| No. Units | 48 | Lot Size | 1.17 AC |
| Property Type | Multifamily | Building Size | 47,712 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 2.65/1,000 SF |
| Zoning | GR-NP | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 47,712 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | GR-NP |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Storage Space
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Patio
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Gated
- Video Patrol
- Grill
ABOUT 8930 GALEWOOD DR , AUSTIN, TX 78758
Built in 1984, Village Flats is a 7-building garden-style apartment complex constructed of brick and wood siding with composition shingle roofs and ample surface parking (54 ± spaces). This multifamily property sits on approximately 1.736 ± acres of land, according to the Travis County Appraisal District (TCAD), and includes a management office (currently used as storage), an onsite laundry room with 4 washers and 4 dryers, and a concrete recreation area that includes 2 picnic tables and 2 park-style barbecue grills. The property is comprised of well-designed 1-bedroom / 1-bath floor plans, all of which have private patios or balconies with exterior storage closets. The property is individually metered for electric and tenants are responsible for paying their own electric bills. Each unit has an individual water heater (electric). Water, trash and common area electricity are currently paid by the Owner and billed back to the residents. Interior finish-out includes electric stoves, frost-free refrigerators, dishwashers, garbage disposals, subway tiles in kitchens, vertical blinds, vaulted ceilings, kitchen bar areas along windows, ceiling fans, and large slat faux-wood blinds.* Other amenities include stained wood privacy fencing, small private patios and balconies, green spaces for social events, barbecues, and grilling. The property-style includes attractive wood-look vinyl flooring and modern architectural design, creating a contemporary feel.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 48 | $799.00 | - |
PROPERTY TAXES
| Parcel Number | 248721 | Improvements Assessment | $5,652,885 |
| Land Assessment | $766,815 | Total Assessment | $6,419,700 |
PROPERTY TAXES
