AUSTIN - Terrain, a 101-unit apartment community in the South Austin submarket, has been sold at 5112 South 1st St.
The property has one- and two-bedroom units ranging from 504 to 850 sf. Rents range from $975 to $1,295.
Terrain is situated along Williamson Creek, near the intersection of West Stassney Lane, approximately four miles southwest of downtown Austin.
Renovated in 2013, the 95 percent-leased asset also provides nearby access to St. Edward’s University and South Austin’s recreational/entertainment amenities, as well as major thoroughfares such as I-35, Hwy. 71 and Mopac Expressway (Loop 1).
HFF marketed the asset on behalf of FBZ Williamson Creek.
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