512-975-2316
1304 McKie Dr, Austin, TX for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

1304 McKie Dr
Austin, TX 78752
St Johns


HIGHLIGHTS

  • BEST-IN-CLASS MULTIFAMILY COMMUNITY IN NORTHEAST AUSTIN
  • COMPREHENSIVE RENOVATION & MODERNIZED INFRASTRUCTURE
  • PRIME ACCESSIBILITY TO MAJOR FREEWAYS, PUBLIC TRANSPORTATION, AND AUSTIN’S KEY DESTINATIONS

OVERVIEW

Cameron Villas is a pristinely renovated, 27-unit multifamily community located in northeast, central Austin near the intersection of Interstate 35 and Highway 183. Meticulously maintained, the property has undergone significant renovations and upgrades over the past several years. Cameron Villas is fully gated and boasts an attractive unit mix with 74% of units being two-bedroom floor plans. There are ten units at the property currently encumbered by an MDSI LURA, which is set to expire in 2033. Originally built in 1969, this multifamily property underwent a significant renovation in 2022, combining modern living with enhanced operational efficiency. The interior improvements feature full upgrades across 14 units and partial renovations in 8 units, delivering a fresh and contemporary living experience. Extensive exterior renovations include updated drain and water lines, a modernized electrical system, major HVAC replacements, and the installation of a new boiler system. The property also boasts a new cedar privacy fence, a brand-new laundry facility with 8 coin-operated machines, and the addition of individual shut-off valves for each unit as well as main exterior shut-offs. This blend of aesthetic enhancements and mechanical upgrades positions the property as a turnkey investment with strong operational resilience. Cameron Villas offers residents excellent connectivity to Austin’s major freeways, including I-35, US-183, and US-290, ensuring seamless commutes across the city. The property also features easy access to public transportation, enhancing convenience for daily commutes. Located less than 15 minutes from downtown Austin, 12 minutes from The Domain, and 10 minutes from The University of Texas, Cameron Villas provides quick access to key employment centers and entertainment hubs. Additionally, the property is conveniently located near the new Mueller redevelopment and surrounded by multiple outdoor parks, further enhancing its appeal.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

27

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cameron Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

MF-3-NP

APN/PARCEL ID

230543

ASK ABOUT THIS PROPERTY

Grant MobleyGreysteelMore Info
512-975-2316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Grant MobleyGreysteelMore Info
512-975-2316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.