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Mueller City View

138 MF Units

Sponsors / General Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate. 9 fire damage units at purchase for full renovation & upgrade.

Location: Austin, TX

Property type: MF

# Units: 138

Year build: 1978 / 1983

Going in CAP rate: 4.40%

Rehab Budget: 3.2M

CoC: 8.90%

IRR: 15-60%

EM: 1.8