For Sale
$10,500,000

1300 Mckie DrAustin, TX 78752

55-Unit Multifamily Portfolio, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A multifamily investment opportunity, known as Legacy of St. John, presents a compelling value-add proposition in Austin, Texas. Located at 1300 Mckie Dr, Austin, TX 78752, this fee-simple property encompasses 4.06 acres and features 55 units across 55 buildings, each a two-story structure. The total square footage is 77,578, with each unit offering 2 parking spaces. Currently, 8 units are completed and generating immediate rental income, while an additional 8 units are in the sheetrock phase of construction, offering significant near-term upside. All plans and permits are approved, making this a truly shovel-ready investment. The property is zoned MF, ensuring flexibility for future development. Built in 2024, the modern design and low-maintenance materials are attractive to long-term tenants. This portfolio presents a unique opportunity to capitalize on Austin's thriving real estate market, offering both immediate cash flow and substantial long-term growth potential. The asking price for this prime Austin multifamily asset is $10,500,000. This is a rare chance to acquire a well-positioned, high-quality portfolio in a rapidly appreciating market.

Highlights

  • Prime location near downtown Austin.
  • Eight (8) completed units.
  • Eight (8) units under construction (sheetrock phase).
  • Fully entitled and shovel-ready; all plans and permits approved.

Property Details for 1300 Mckie Dr

Property type
Residential income homes
Square Feet
77,578 SF
Class
A
Year Built
2024
Buildings
55
Stories
2
Lot Size (sq. ft)
176,854 SF
Units
55

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.3308911
Longitude
-97.6926832
1300 Mckie Dr, Austin, Texas

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1300 Mckie Dr
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