Croslin Court Apartments

Price: $3,150,000

Units: 20

Area: North Central Austin

Built In: 1970

Status: Available

  • Compelling North Central Location less than a mile from the Highland Redevelopment and the new ACC Highland Community College Central Campus
  • Very minimal MF Construction Activity in a 1.5-mile radius
  • Class B/C Properties in the North Central Submarket averaged 94-95% in the 4th Quarter of 2017 (according to Austin Investor Interests)
  • Completing renovation and stabilizing management could increase Rental Income:
    • Current In-Place Rents average $1.08 vs. current Market Rents at the property at $1.18
    • Immediate Rent Comps show $1.38 and the North Central average is $1.62
  • Asking Price is lower per square foot ($157 PSF) than many similarly-sized properties
  • Distance to CBD: 6 miles (15 +/- minutes commute by car, 30 minutes by bike)
  • Oversized Townhome-style Units with 1,022 +/- SF Average

300 E. Croslin Street,
Austin, TX 78752