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Property Name: Heritage Oaks Apartments
Address: 3506 Manchaca Road
Austin, TX 78704
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Price: SOLD
Terms: All Cash
Units: 103
Occupancy: 99%
Year Built: 1983
Total Square Feet: 65,350 sq. ft.
Buildings: Two & Three Story
Style: Garden Style
Land Area: 2.84 Acres
Property Highlights
Heritage Oaks is a 103 unit class "B" apartment complex located within the illustrious 78704 zip code of south Austin.    Heritage Oaks provides an investor with excellent opportunity to acquire a well maintained, stabilized property in a growing rental market.   The Austin multifamily market is approximately 92% occupied and poised to improve further from a fundamental standpoint.   The property is located off a street in south Austin that has seen several comparable properties convert to condominiums and is adjacent to a new townhome development.
The information contained in this offering material (“Summary”) is confidential, furnished solely for the purpose of the review by a prospective purchaser of the Property and is not to be used for any other purpose if made available to any other person without the express written consent of Tarantino Properties, Inc. The material is based in part upon information supplied by the owner of the Property (“Owner”) and in part upon information obtained by Tarantino Properties, Inc. from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only outlines of some of the provisions contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the material contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the property and the existence of any potentially hazardous material used in the construction or maintenance of the building or located at the site.
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