Sabinal Apartments

Sabinal Apartments at 1614 Wheless Ln offers investors a rare chance to acquire a 22-unit multifamily property in the heart of Austin’s revitalizing Windsor Park neighborhood. Built in 1970 and partially renovated in 2020, the property sits on nearly an acre of land and features a mix of one-bedroom, two-bedroom, and studio units. With 8 units currently vacant, there’s immediate potential to increase occupancy and rental income. The property boasts a solid 77% average occupancy rate and a favorable parking ratio of 1.69 per 1,000 SF. ​
Located just minutes from major highways like I-35 and Highway 290, Sabinal Apartments provides easy access to downtown Austin, the University of Texas, and the Mueller development. The area is experiencing significant growth, attracting both renters and investors alike. With its prime location, substantial lot size, and existing renovations, this asset presents a compelling opportunity for investors seeking value-add potential in a high-demand market.