UT APARTMENTS
RED RIVER APARTMENTS
Area Overview
Neighborhood
Directly north of the University of Texas at Austin and just three miles northeast of Downtown Austin, Hancock is one of the city's most popular urban neighborhoods. Enjoy the University's beautiful campus, attend a lively sporting event, or visit one of Downtown's museums, local restaurants, or waterfront parks along Colorado River.
Location
Red River Apartments is an apartment in close proximity to the University of Texas, UT Law School, Butler School of Music, ST. David's Medical Center, Darrell K. Royal Stadium, and it has easy access to I-35 & downtown.
Hancock Neighborhood
Hancock is a neighborhood in Austin, Texas with a population of 5,480 Hancock is in Travis County and is one of the best neighborhoods to live in Austin. Living in Hancock offers residents an urban feel and most residents rent their homes. In Hancock there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live in Hancock and residents tend to be liberal. The public schools in Hancock are highly rated.
What Locals Say
- ✔ 85% - It's walkable to neighborhood parks.
- ✔ 70% - It's walkable to grocery stores.
- ✔ 80% It's walkable to restaurants.
- ✔ 70% People would walk alone at night.
Property Highlights
Red River Apartments is in the Central Austin Submarket, which has seen extreme growth in desirability from renters. Central Austin has become one of the hottest submarkets due to the proximity to the University of Texas, Dell Medical Center, Texas State Capitol, and the central business district. Some studies suggest that the dominance of class A properties in high demand areas could raise demand for class B units in surrounding areas. In other words, Class B units rents will increase as Class A units demonstrate a high demand and willingness to pay from renters. Additionally, submarket occupancy has increased from 90% in 2020 to 94.8% now, while rents have grown 28% over the same period, further demonstrating that people are willing to pay more to live in this part of Austin.
- Address
- 3301 Red River St., Austin, TX 78705
- Built
- 1963
- Terms
- Cash and Third Party Finance
- Renovated
- 2017-2022
- Number of Stories
- 3
- Number of Buildings
- 4
- Total NRSF
- 19,500 SF
- Density
- 60 Units/AC
- Occupancy (Nov 2022)
- 100%
- Land Size
- 0.497 AC
- Parcel Number
- 208935
- Zoning
- MP-4-NP
- Avg. Unit Size
- 650 SF
- Ave. 1 BD Market Rent/Unit
- $1,504.00
- Ave 1 BD Market Rent/SF
- $3.06
- Current In-Place Rent Unit
- $1,513.00
- Current In-Place Rent/SF
- $2.33
- Parking
- 29 Free Surface Spaces
- Laundry
- Laundry Room on Site [3W/3D]; 9 In-Unit W/D
Property Details
• Stainless Steel Whirlpool Refrigerator with Ice Maker
• Stainless Steel Whirlpool Dishwasher, Oven, Microwave
• Built-in Convection Microwaves and Cooktops
• Vinyl Wood Interior Flooring
• Quartz Countertops in Kitchens/ Baths
• Class Tile Backsplash
• LC Washer/ Dryer Combo (in selected units)
• Spacious Balconies/Wood Railings*
• Fenced-in Patio (in selected units)
• Spacious Courtyard with Concrete Flatwork and Dryscape
• On-Site Clothes Care Facility
• Balconies with City Views*
• Units with Ground Floor Entry and Second Floor Entry
• 29 on Surface Parking Spots Plus Extra Street Parking Spots
• Walking Distance to UT and Medical Center
• Easy Access to downtown
• Security Camera Through Out the Buildings
Interior Details
Financials
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