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