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Magnolia Flats 1720 Wooten Park Dr 36 Unit Apartment Building For Sale Austin, TX 78757
INVESTMENT HIGHLIGHTS
- VALUE-ADD OPPORTUNITY IN NORTH CENTRAL AUSTIN
- CONNECTED LOCATION WITH STRONG RENTER APPEAL
EXECUTIVE SUMMARY
Situated along a quiet residential block in the Wooten area, Magnolia Flats is a 36-unit community with direct connectivity to MoPac, I-35, and Highway 183. Built in 1971, the property offers a blend of renovated and classic floor plans, complemented by recent upgrades to both common areas and select interiors. Current operations are below market performance, creating clear upside through occupancy stabilization, rent growth, and targeted management and expense control.
The property’s location places residents within minutes of major employment hubs such as The Domain, Downtown Austin, and the University of Texas, as well as popular destinations like the Arboretum. Proximity to neighborhood retail, dining, and daily conveniences further supports its appeal to a broad tenant base. With a combination of existing upgrades, a desirable location, and meaningful operational upside, Magnolia Flats offers investors the opportunity to reposition a well-located asset in one of Austin’s most consistent rental submarkets.
The property’s location places residents within minutes of major employment hubs such as The Domain, Downtown Austin, and the University of Texas, as well as popular destinations like the Arboretum. Proximity to neighborhood retail, dining, and daily conveniences further supports its appeal to a broad tenant base. With a combination of existing upgrades, a desirable location, and meaningful operational upside, Magnolia Flats offers investors the opportunity to reposition a well-located asset in one of Austin’s most consistent rental submarkets.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.82 AC |
| No. Units | 36 | Building Size | 21,640 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/2022 |
| Building Class | C | Parking Ratio | 2.17/1,000 SF |
| Zoning | GR-CO-NP | ||
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 21,640 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2022 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | GR-CO-NP |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Kitchen
- Oven
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | 400 - 440 |
| 1+1 | 14 | - | 500 - 700 |
| 2+1 | 8 | - | 860 |
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Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 241451 | Improvements Assessment | $5,089,524 CAD |
| Land Assessment | $2,504,281 CAD | Total Assessment | $7,593,805 CAD |
PROPERTY TAXES
Parcel Number
241451
Land Assessment
$2,504,281 CAD
Improvements Assessment
$5,089,524 CAD
Total Assessment
$7,593,805 CAD
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Magnolia Flats | 1720 Wooten Park Dr
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