Location | Austin, Texas is one of the fastest growing metros in the US. The property is 7 miles from downtown and 3 miles from Mueller Airport redevelopment.
Asset Quality | The property has high quality amenities and infrastructure including: a resort-style pool, business center, enclosed garages, playground and dog park.
Proven value-add strategy | 59 of the 284 units have already been renovated and are generating an average of $250/mo rental premium
118 units will be renovated at $4,000/unit average cost
38 units will be renovated at $7,000/unit average cost
24 months to complete renovations; 7 year target hold period