Eastside Commons Apartments (78 Units) in Austin, TX Closed July 12, 2017
AUSTIN, TX – EUP Partners, LLC purchased the Eastside Commons Apartments on July 12, 2017 from a California partnership. The property traded at an undisclosed price. Ellen Muskin and Daniel Elam of Muskin Commercial, LLC represented the Sellers in this transaction. The buyers were represented by Nick Cochrane and Jesse Mamuhewa of Campus & Central Properties, and financing was provided by Brian May with Vista Bank. Future plans for the newly renamed East University Place include a 79 unit condominium conversion featuring 5 different floor plans and remodeled units.
Located in one of the “hottest submarkets in Austin” – the Eastside Commons Apartments (total 78 units) was originally built in 1963 – and had been recently renovated over the years by the previous owner. The property is located at 2401 Manor Road, with IH-35 to the west, Airport Blvd. to the east, Central East Austin to the south and The University of Texas located just three (3) blocks away. The property enjoys excellent occupancy history with many residents able to bike to work or school, use the Light Rail (less than 1 mile away) or ride Capitol Metro buses to access all parts of Austin.Posted on Thursday, July 27, 2017