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Description

Capstone Companies is pleased to present the Barton Springs Apartments. This 40-unit midrise apartment complex offers new ownership an unrivaled redevelopment opportunity in the heart of Austin, Texas. This redevelopment opportunity offers investors cash flow during the planning and preconstruction phase, thus limiting overall risk. As the fifth-most expensive submarket in Austin, behind Downtown and East Austin, overall asking rents are at a $120/month premium above the market average of $1,590/month, the South-Central Austin Multifamily Submarket is primed for above-average rental returns. Lastly, the site is perfect to benefit from the luxury amenities and development in the immediate area.

Investment Highlights:

Best in Class Location

Income While Planning Due to Existing Apartment Complex

Strong Tenant Base

  • Address 1725 Toomey Road
  • City Austin
  • State/county Texas
  • Zip/Postal Code 78704

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