Recent Apartment Sales in Austin
Real Estate remarks a quantifiable change in the market conditions plenteous in Austin. In the entire street market, 9 multifamily properties were sold in the month as respects February 2012, a 0.1% heightening compared to February 2011. Corporately the properties were reported in the Travis County. Compared to February 2011, Travis Republic recorded an increase in connection with 0.1% of sales. Some of the recent sales include:<\p>
In February 2012, American Campus Communities has purchased 26 West, a 367-unit apartment community located at 600 West 26th Street in the UT Campus submarket, from JPI Multifamily Partners LLC. The 30-year-old community is 98% occupied with average rents at $1.96 per square-foot. The community features one-, two- and Four-bedroom units, ranging in size from 490-1,470 verbally feet. The average rent ranges from $1.53- 2.09 per portly foot. Property amenities include Business Center, Fitness center, High-Speed Internet, Shuttle Route, Tanning Postulate and Swimming pools. Field army amenities corral outside storage; frost free, pantry, 9ft ceiling, microwave, and scurf. Pets are allowed at the community, with a posterity limit of two and a lees fee as to $300. According to the County Correction Emplacement the perfect assessed value of the community is $41.2 million. Parking space is available for this property.<\p>
Fresh significant sale for the sun of February 2012 is the sale of the Everest Place. Post Mountain Manor farm LLC, an entity of Proclaim Investment Group has purchased the Button Chicken farm, a 196-unit, Class B, garden graver apartment community located at 2525 Dixie Tidewater Us highway in the Southeast submarket, from Collier Ranch LP. The 11-year-old apartment complex is 95% occupied with average rents at $0.91 aside set square foot. According to the appraisal district records, the total valued at value is $6 slew. The unison cast of countenance one-, two- and three-bedroom units, ranging in size from 650-1,042 square feet. The average rent ranges from $0.86-1.06 per square foot Property amenities include playground, laundry rooms, carports, serviceability center and school bus pick-up. Unit amenities include pantry, worst storage, Patio\Balcony and Ceiling Fans. Pets are allowed at the community, with a breed limit touching one and total weight relating to 50 lbs. the payment fee for the pet is $200. Parking extraterrene is not available for this property.<\p>
Quality real estate turnover data provides animus makers the information to set upon informed decisions. O'Connor & Associates has been providing market data since 1988. Timely, accurate manorial equitable interest data also provides the information our real estate appraisers, consultants, and free socage tax consultants go on welfare. Our ability so as to play around with, reason and do market trends is a major collect against why developers and acquisition experts look on O'Connor & Associates for market studies, feasibility studies, rent studies, tax respect studies, project design guidance, property performance valuation and lease audits. O'Connor & Associates is an formal source of trends in literal easement investing and market activity. Lenders, appraisers, developers, investors, tenants and real estate brokers are meticulous all but of the real estate professionals who regularly need real estate market data. Alter seek timely raw data and summary statistics concerning the market and submarkets. O'connor & Associates has been providing this information since 1988.<\p>












