1304 McKie Drive

Property Description

BEST-IN-CLASS MULTIFAMILY COMMUNITY IN NORTHEAST AUSTIN Cameron Villas is a pristinely renovated, 27-unit multifamily community located in northeast, central Austin near the intersection of Interstate 35 and Highway 183. Meticulously maintained, the property has undergone significant renovations and upgrades over the past several years. Cameron Villas is fully gated and boasts an attractive unit mix with 74% of units being two-bedroom floor plans. There are ten units at the property currently encumbered by an MDSI LURA, which is set to expire in 2033. COMPREHENSIVE RENOVATION & MODERNIZED INFRASTRUCTURE Originally built in 1969, this multifamily property underwent a significant renovation in 2022, combining modern living with enhanced operational efficiency. The interior improvements feature full upgrades across 14 units and partial renovations in 8 units, delivering a fresh and contemporary living experience. Extensive exterior renovations include updated drain and water lines, a modernized electrical system, major HVAC replacements, and the installation of a new boiler system. The property also boasts a new cedar privacy fence, a brand-new laundry facility with 8 coin-operated machines, and the addition of individual shut-off valves for each unit as well as main exterior shut-offs. This blend of aesthetic enhancements and mechanical upgrades positions the property as a turnkey investment with strong operational resilience. PRIME ACCESSIBILITY TO MAJOR FREEWAYS, PUBLIC TRANSPORTATION, AND AUSTIN’S KEY DESTINATIONS Cameron Villas offers residents excellent connectivity to Austin’s major freeways, including I-35, US-183, and US-290, ensuring seamless commutes across the city. The property also features easy access to public transportation, enhancing convenience for daily commutes. Located less than 15 minutes from downtown Austin, 12 minutes from The Domain, and 10 minutes from The University of Texas, Cameron Villas provides quick access to key employment centers and entertainment hubs. Additionally, the property is conveniently located near the new Mueller redevelopment and surrounded by multiple outdoor parks, further enhancing its appeal