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Off Market
1/3

8930 Galewood Dr
Austin, TX 78758


HIGHLIGHTS

  • ~10% Increase on New Leases
  • 1 ± Mile to 20,500-seat, $242M, Major League Soccer Stadium (opening 4/2021)
  • 2 ± Miles to "The Domain," an upscale Lifestyle Center (2.45M ± SF in 3 Phases)
  • 6 ± Miles to Apple’s NEW $1 Billion, 133-Acre Campus (creating 5,000+ jobs)
  • Individually Metered Electric / Hot Water
  • Located on CapMetro Bus Route and close to Hwys - US 183, Mopac, IH-35

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

-

CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Village Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

20400

STORIES

2

YEAR BUILT

1980

PARKING SPACES

54

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

248721