8515 Shoal Creek Blvd
Austin, TX 78757
iConic Shoal Creek · Multifamily Property For Sale · 83 Units
PROPERTY FACTS
No. Units | 83 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 2.79 AC |
Building Size | 56,650 SF |
Average Occupancy | 92% |
No. Stories | 2 |
Year Built/Renovated | 1972/2015 |
Parking Ratio | 2.12/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Laundry Service
- Package Service
- Lounge
- Maintenance on site
- Sundeck
About 8515 Shoal Creek Blvd , Austin, TX 78757
Built in 1972, the Property consists of three well-maintained buildings across a 2.8-acre site featuring three landscaped courtyards, two swimming pools, and a fitness center providing residents with a full suite of amenities. The apartment market fundamentals in North Central Austin are continually strengthening due to strong underlying economic drivers and growing demand for quality and affordable housing options. Prominently positioned on Shoal Creek Boulevard, just South of the Mopac/US-183 intersection and minutes from the Domain, The Arcadian has quick connectivity to the North Austin Tech Hubs and Downtown featuring employers like Amazon, Apple, Facebook, Google, Indeed and more. The Arcadian is in the backyard of Austin’s largest and most dynamic live-work-play environment, the Domain, which features luxury retail, entertainment and dining options for all demographics. The North Central Submarket continues to outperform the greater Austin area with higher in place rents and continued rent growth. Current ownership has invested approximately $300,000 improving the Property’s curb appeal and renovating unit interiors with stainless steel appliances and repainted cabinets. Investors are presented with an excellent value-add opportunity to continue the renovation on the remaining “legacy” units, incorporate higher-end finishes on existing units, and burn off in place concessions to increase bottom-line NOI.
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 63 | $1,038 | 600 - 806 |
2+2 | 20 | $1,375 | 900 - 992 |
PROPERTY TAXES
Parcel Number | 248606 | Improvements Assessment | $9,039,148 |
Land Assessment | $4,640,450 | Total Assessment | $13,679,598 |
zoning
Zoning Code | MF-3 |
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Listing ID: 16983421
Date on Market: 8/21/2019
Last Updated:
Address: 8515 Shoal Creek Blvd, Austin, TX 78757
The North Shoal Creek Multifamily Property at 8515 Shoal Creek Blvd, Austin, TX 78757 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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