Dryfield Apartments
Short Sale Opportunity
Marketing description
Walker & Dunlop Investment Sales (WDIS) has been exclusively retained to offer the fee simple interest in Dryfield Apartments & Studios (the “Property”), a 48 unit low density, garden-style apartment community featuring two 1970-vintage buildings on either side of Dryfield Drive in North Central Austin, TX. Positioned near The Domain (Austin’s “Second Downtown”), the Property is proximate to tech heavyweights Amazon, IBM, Facebook, and Indeed, while supported by over 113,000 employees within three miles. Residents enjoy the most dynamic leisure and entertainment choices in the MSA via The Domain, Gateway, Austin FC Q2 Stadium, Northcross Mall, and the nearby brewery district, while walking distance to needs-based retail and local eateries. Centrally located with direct access to major thoroughfares Highway 183, I-35, and MoPac Expressway, the Property is strategically positioned in a rapidly gentrifying submarket. The Property is being offered on a free and clear basis.
Investment highlights
- Located in North Austin with convenient access to US-183, MoPac, and I-35
- Perfectly positioned within 5 minutes from The Domain, 15 Minutes from Downtown Austin, and 20 Minutes from the Austin International Airport
- Transformative Developments Nearby including the new University of Texas Medical Center
- Short Sale Opportunity with a competitive basis
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