1720 Wooten Park Drive
Property Description
VALUE-ADD OPPORTUNITY IN NORTH CENTRAL AUSTIN 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. CONNECTED LOCATION WITH STRONG RENTER APPEAL 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
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 36 |
| Year Built: | 1971 |
| Lot Size: | 0.82 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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