ROUND ROCK, TEXAS — RangeWater Real Estate and equity partner Harbert US Real Estate have acquired Rock Springs Duplexes, a 150-unit single-family rental community located at 1338 Christopher Ave. in Round Rock, approximately 20 miles north of Austin. The seller and sales price were not disclosed.
Rock Springs Duplexes was built in two phases in 1985 and 1996. The unit mix includes 108 three-bedroom and 42 three-bedroom homes, which range from 968 to 1,280 square feet.
Each residence features an attached garage, driveway parking space and a fenced backyard. Units also include quartz kitchen countertops, black appliances, a gas stove-top and oven, ceiling fans, vinyl flooring and full-size washers and dryers. Community amenities include a fitness center, coffee bar and community kitchen.
RangeWater will act as the property manager for Rock Springs Duplexes. The Atlanta-based company currently manages approximately 2,300 units across Texas. Rock Springs Duplexes is RangeWater’s third asset in the Austin metropolitan area.
Harbert US Real Estate is an investment strategy sponsored by Harbert Management Corp., an investment management company based in Birmingham, Alabama.