Closed! Apartments- 1405 W North Loop, Austin, Tx

 

SOLD!  1405 W North Loop, Austin, Tx 78756   AUSTIN, TX (5/17/16)- Longbow Real Estate Group announced the purchase of 1405 West North Loop, Austin, Tx, a 39 Unit Apartment Complex.  Jim Young, CCIM of Longbow Real Estate Group represented the Buyer, a California investor. The Seller, a local investment group, was self-represented. This was an off market transaction, which is often the case in the multifamily asset class. The property is in the Burnet Road & 2222 submarket near popular locations such as: Ginny's Little Longhorn Saloon, The Triangle, Central Market, Amy's Ice Cream headquarters and more. "This property is in a fantastic location, near Burnet Road & 2222: centrally located and ideally suited to attract tenants who cannot afford to lease at the new Class A properties at either end of the street, but want to live in the submarket.  We believe market rents will continue to rise in the area due to the proximity to downtown, and all the retail activity taking place on Burnet Road and Lamar." - Jim Young, CCIM Jim Young, CCIM Jim@LongbowRE.com 512.565.7509 Connect With Me On LinkedIn Click here if you would like to subscribe to my mailing list.

 

Longbow Real Estate Group | 11701 Bee Caves Rd, Suite 250, Austin,TX 78738