UPDATE: Austin Police have identified the man shot earlier this morning as 20-year-old Isaac Christopher Morey.
According to police it happened at an apartment complex in the 400 block of east William Cannon in South Austin.
Officials say there were five to seven people, some of them teens, in the apartment at Willowbrook Apartments at the time of the shooting. Police say Morey was contacted to make a delivery of marijuana to the residence. A short time later, officials say the purchaser entered the apartment with two other men demanding Morey to hand over the drugs.
Morey complied with demands. However, before all three men excited the residence the third man opened fire striking Morey.
Austin Travis County EMS says Morey was taken to the hospital with life threatening injuries. Paramedics did perform CPR on him but he was pronounced dead just before 2:30 a.m.
Police had initially said they were looking for three suspects but that's no longer the case. They say they are interviewing several people who witnessed the shooting and that the people in the apartment are cooperating.
One of the three men used a Snapchat account user name of king_tlee59 with a vanity name that appears as Lil Trouble B
No suspects are in custody at this time. Police say they're still investigating what led to the shooting but believe this is an isolated incident and that there is no danger to the community.
Anyone who may have information about this incident are asked to call Crime Stoppers at 512-472-TIPS.
A reward up to $1000 is being offered for information that leads to the arrest and conviction in this case.