829 PARK PLAZA DRIVE, AUSTIN, TX 78753

PARK PLAZA

829 PARK PLAZA DRIVE, AUSTIN, TX 78753

    Details

    • Units: 62
    • Year built: 1982
    • Area: North East
    • Status:

    Description

    • Description:
      • Value-Add Opportunity Centrally Located, Under Performing Asset
      • Out-of-State Owner Since 2019 With Recent Management Change
      • Occupancy in the Northeast Submarket is 92% vs Park Plaza’s Occupancy of around 73%
      • Low Basis – asking only ~ $110K per unit
      • Low Density, providing Upside With Favorable Zoning for Redevelopment
      • Option to Buy Together or Individually with Hidden Gardens

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    • Price: Market Pricing
    • Total Units: 62
    • Area: NE ATX
    • Status: Available

    Strong workforce housing located just of IH-35 and public transit routes.  Nearby retail, office, parks, and schools create a true sense of community. 

    Park Plaza
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