Details
- Units: 133
- Year built: 1982
- Area: North Central, North East
- Status: Available
Description
-
Description:
- Value-Add Opportunity in Two Centrally Located, Under Performing Assets
- Out-of-State Owner Since 2019 With Recent Management Change
- Option to Buy Together or Individually
- Rent in the Central Submarket are on Average 43% Higher Than Rents at Hidden Gardens
- Occupancy in the Northeast Submarket is 92% vs Park Plaza’s Occupancy of around 73%
- Low Basis – asking only ~ $110K per unit
- Both Sites Have Low Density, providing Upside With Favorable Zoning for Redevelopment
- Hidden Gardens: 5606 N. Lamar Blvd, Austin, TX 78751
- Park Plaza: 829 Park Plaza Dr, Austin, TX 78753
Powered by Estatik
-
- Price: Market Pricing
- Total Units: 133
- Area: NC and NE ATX
- Status: Available
Close proximity to each other and several Central and North Austin destinations, including The Domain, The Triangle, Mueller, and Downtown’s CBD.
Hidden Gardens
Park Plaza
*Click property name for directions
Second property located at 829 Park Plaza Drive, 78753