Richcreek Studios Apartments

Price: $1,975,000

Units: 18

Area: North Central Austin

Built In: 1971

Status: Available

Call for Offers Date: 09/12/2018

  • Located in the fast-changing Burnet Road Corridor in the Midtown neighborhood of Austin
  • Recently renovated with all new A/C units, roof and full interior upgrades
  • Complex abuts STRONG single-family Allandale neighborhood with homes averaging $616,264 or $355 per SF (Austin MLS)
  • Avg studio rents in Midtown/North Central are $1,102 (per Austin Investor Interests) while current in-place rents at Richcreek = $769
  • Value-add opportunity remaining with implementation of RUBS program to tenants
  • Possible condo conversion opportunity
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2412 Richcreek Rd.,
Austin, TX 78757