Cobblestone Apartments LP
| Status | Sold |
|---|---|
| Address | 1106 Clayton Lane / Austin, Texas 78723 |
| County | Travis |
| Type | Apartments |
PROPERTY PROFILE
| Parcel Number | Vol. 28 Page 12 |
|---|---|
| Acreage | 1.00 |
| Zoning | Multi-Family |
| Unit Mix | (18) 1bd 1bth (20) 2bd 1 bth |
| Number of units | 38 |
| Currently Leased | yes |
FINANCIAL INFORMATION
| Purchase Date | 03/22/2005 |
|---|---|
| Purchase Price | $900,000 |
| Total Cost | $950,000 |
| Estimated Site Rehab Cost | $50,000 |
| Current Occupancy | 95 |
|---|---|
| Sales Date | 02/16/2007 |
Property was a pre-forclosure, with intial 40% occupancy, requiring a substantial amount of rehabilitation. Property located close to the I-35 Freeway and schools. Rehab completed, occupancy increased to near capacity and sold.
Map
Map Not Available
Returns
| Average Annual Return |
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Property Highlights
Property was a pre-forclosure, with intial 40% occupancy, requiring a substantial amount of rehabilitation. Property located close to the I-35 Freeway and schools. Rehab completed, occupancy increased to near capacity and so
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