Oakbrook Apartments
| Status | Sold |
|---|---|
| Address | 615 St. Johns Ave West / Austin, Texas 78752 |
| County | Travis |
| Type | Apartments |
PROPERTY PROFILE
| Zoning | Multi-family |
|---|---|
| Unit Mix | (20) 1bd 1bth (20) 2bd 2bth |
| Number of units | 40 |
| Currently Leased | yes |
FINANCIAL INFORMATION
| Purchase Date | 12/02/2004 |
|---|---|
| Purchase Price | $785,000 |
| Total Cost | $1,062,000 |
| Estimated Site Rehab Cost | $300,000 |
| Current Occupancy | 100 |
|---|---|
| Sales Date | 11/29/2005 |
Bank forclosure, property abandon, requiring significant rehabilitation and new management. Excellent location, close to major highway and easy freeway access. Purchased below market value. Rehabilitation completed and fully leased. Property sold in November 2005 for a profit.
Map
Map Not Available
Returns
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Property Highlights
Bank forclosure, property abandon, requiring significant rehabilitation and new management. Excellent location, close to major highway and easy freeway access. Purchased below market value. Rehabilitation completed and fully leased. Property sold in November 2005 for a profit.
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