AUSTIN, TX – Muskin | Elam Group, LLC is pleased to announce the sale of Runnymede Apartments, a 252-unit affordable housing community located at 1101 Rutland Drive, Austin, TX 78758. Situated on approximately 14.5 acres, the property is ideally positioned within one of Austin’s strongest rental submarkets.
Runnymede Apartments offered a compelling investment opportunity due to its prime location, exceptional historical performance and occupancy, with a great reputation. The community features a robust amenity package including a swimming pool, playgrounds, a basketball court, an on-site leasing office, five laundry facilities, and a resident learning center, all contributing to its long-term stability and demand.
Muskin | Elam Group, LLC represented the Seller, a Texas based nonprofit organization, in the transaction. The sale price was not disclosed.
About Muskin | Elam Group – Muskin | Elam Group is a privately held real estate brokerage and investment firm headquartered in Austin, Texas. The company provides comprehensive brokerage and advisory services, supporting owners and investors with sale and acquisition strategies. They operate primarily in the Greater Austin metropolitan area and specialize in tracking market trends, ownership, and performance of multifamily assets across all submarkets. The Muskin Elam Group delivers personalized and unique insight into the multifamily asset class in Austin.
Contact:
Daniel Elam
Principal | Muskin Elam Group, LLC
512.343.2700 | daniel@muskin-elam.com | www.muskin-elam.com
