Continental Realty Group has acquired Wildcreek Apartments, a 232-unit, 1984-vintage garden-style apartment community located in South Central Austin.
The community is located at 1511 Faro Drive in Austin's Southeast Central submarket, offering access to major employment centers including Oracle's headquarters, Tesla's Gigafactory and Austin-Bergstrom International Airport.
Wildcreek Apartments sits on 14.2 acres and features a mix of one- and two-bedroom units averaging 660 square feet. The 153,120-square-foot multifamily community offers value-add potential with 100 percent of units unrenovated and current occupancy at 63 percent. Community amenities include two swimming pools, on-site laundry facilities and expansive green spaces. Unit interiors feature open floor plans with carpet and vinyl plank flooring, electric appliances and individual HVAC systems.
JLL represented the seller, Bob Reeve.
