1304 Mckie DrAustin, TX 78752

This stabilized, Class B multifamily investment opportunity, Cameron Villas, consists of a 27-unit apartment building situated on 1.21 acres in Austin, Texas (APN 230543). Built in 1969 and extensively renovated in 2021, the property features 21,870 net rentable square feet across four, two-story buildings. Currently boasting 82% occupancy (as of September 1, 2024), the property offers a mix of unit sizes, with 74% being two-bedroom units. Ten units are currently under an MDSI LURA expiring in 2033. Significant renovations included full upgrades in 14 units and partial renovations in 8, along with extensive exterior improvements. These upgrades encompass updated drainage and water lines, a modernized electrical system, new HVAC and boiler systems, a new cedar privacy fence, and a new eight-machine laundry facility. Individual and main exterior water shut-off valves have also been installed. The property's prime location in Northeast Austin provides easy access to major freeways (I-35, US-183, US-290), public transportation, downtown Austin (under 15 minutes), The Domain (12 minutes), and The University of Texas (10 minutes). Its proximity to the Mueller redevelopment and numerous parks adds to its appeal. The property is zoned MF-3-NP and is offered fee simple.