1101 RUTLAND DRIVE, AUSTIN, TEXAS 78758
RUNNYMEDE APARTMENTS
1101 RUTLAND DRIVE, AUSTIN, TEXAS 78758Details
- Units: 252
- Year built: 1972
- Area: Austin
- Status: Available
Description
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Description:
Runnymede Apartments
Runnymede Apartments (252 units) offers a prime investment opportunity in North Austin, one of the city’s most dynamic and rapidly growing areas. The apartment community is situated on a large, rectangular shaped parcel between W Rundberg Ln and Rutland Dr. It is conveniently located between I-35 and MoPac and just north of Highway 183. It is well served by multiple Metro bus routes (with route 324 located at the front door), providing seamless connectivity to all parts of Austin.-----
Investment Highlights
- Historical Occupancy around 99% with a Waitlist
- 15+ years Continuous Ownership (good candidate to continue CHDO program)
- Rare LIHTC Deal providing affordability in North Austin
- New Roof (~$1M) in 2024, consistent capital improvements, and meticulously maintained
- Large 1, 2, and 3 Bedroom Floorplans (average unit size 742± SF)
- Low Basis and Attractive Yield investment opportunity
- Walking Distance to retail, schools and parks
- Long-term Tenants & Staff providing a genuine sense of community
Location
- Neighborhoods: North Austin
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- Price: Market Pricing
- Total Units: 252
- Area: North Austin
- Status: Available
The community includes a dedicated leasing office, learning center, basketball court, playgrounds, pool, and ample parking. Land size spans 14.5 acres. Four floorplans range from 1B/1Ba (600± SF), 2B/1Ba (767± SF), 2B/1.5Ba (775± SF), and 3B/2Ba (956± SF).
Runnymede Apartments
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