1300 Mckie DrAustin, TX 78752

Property Details for 1300 Mckie Dr

Year built

2024

Lot size

4.06 AC

Property size (Sq ft)

77,578 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.3309

Longitude

-97.6927

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