Legacy Realty Acquires Multifamily Property In Austin For $6.8M

Legacy Realty has recently acquired a multifamily property located at 3301 Red River Street in Austin. The property was sold by St Germain Street Investments for a total sale price of $6,800,000. The transaction took place on February 16, 2023. The property consists of 30 units, with each unit having an average price per unit of $226,667. The total square footage of the property is 17,474, resulting in an average price per square foot of $389.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Units: 30
• Price Per Unit: $226,667
• Square Footage: 17,474
• Price Per Square Foot: $389

The deal was facilitated by Tyler Marshall of Matthews Real Estate Investment Services, representing Legacy Realty as their broker. Tyler Marshall played a crucial role in ensuring the successful completion of the transaction between Legacy Realty and St Germain Street Investments.