512-975-2316
1720 Wooten Park Dr, Austin, TX for Sale
Apartments - FOR SALE
1/9
null | Request Cap Rate

1720 Wooten Park Dr
Austin, TX 78757
Wooten


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY IN NORTH CENTRAL AUSTIN
  • CONNECTED LOCATION WITH STRONG RENTER APPEAL

OVERVIEW

Situated along a quiet residential block in the Wooten area, Magnolia Flats is a 36-unit community with direct connectivity to MoPac, I-35, and Highway 183. Built in 1971, the property offers a blend of renovated and classic floor plans, complemented by recent upgrades to both common areas and select interiors. Current operations are below market performance, creating clear upside through occupancy stabilization, rent growth, and targeted management and expense control. The property’s location places residents within minutes of major employment hubs such as The Domain, Downtown Austin, and the University of Texas, as well as popular destinations like the Arboretum. Proximity to neighborhood retail, dining, and daily conveniences further supports its appeal to a broad tenant base. With a combination of existing upgrades, a desirable location, and meaningful operational upside, Magnolia Flats offers investors the opportunity to reposition a well-located asset in one of Austin’s most consistent rental submarkets.

FOR SALE DETAILS

PRICE

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# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,880 SF

ZONING

GR-CO-NP

APN/PARCEL ID

241451

ASK ABOUT THIS PROPERTY

Grant MobleyGreysteelMore Info
512-975-2316

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Grant MobleyGreysteelMore Info
512-975-2316

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