Multifamily
Ektom Apartments
2604 Ektom Dr, Austin, TX 78745
Listing Price: Request For Offer
Investment Overview
Built in 1974 and 1982, Ektom Apartments is comprised of 12 efficiency units conveniently located near the intersection of Highway 290, Loop 360, and Mopac Expressway in Austin, Texas. The community offers affordable living in one of Texas’ fastest growing regions. The Austin MSA is expected to grow an 8.5 percent over the next five years, and the median home value has risen to $355,224 in 2023. Ektom Apartments presents the opportunity to create significant value with modern upgrades, continuation of utility reimbursement, and implementation of cable / internet services. The property is offered ‘free and clear’ which provides an excellent opportunity to take advantage of historically low rates.
Ektom Apartments
Investment Highlights
- STRONG DEMOGRAPHICS & MARKET FUNDAMENTALS Since 2000, the population has grown 35.5 percent and the average household income within one mile is $108,552.
- VALUE ENHANCEMENT OPPORTUNITY Rents are 25 percent below comparable renovated properties which present opportunity to create over $575,000 in value.
- INITIATE CABLE & INTERNET BUNDLE Generate additional income by offering bundled cable/internet services to net $40 per unit monthly.
- CONVENIENT LOCATION & ACCESSIBILITY The property is conveniently positioned six miles south of Downtown near the intersection of Highway 290, Loop 360, and Mopac Expressway.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- STRONG DEMOGRAPHICS & MARKET FUNDAMENTALS Since 2000, the population has grown 35.5 percent and the average household income within one mile is $108,552.
- VALUE ENHANCEMENT OPPORTUNITY Rents are 25 percent below comparable renovated properties which present opportunity to create over $575,000 in value.
- INITIATE CABLE & INTERNET BUNDLE Generate additional income by offering bundled cable/internet services to net $40 per unit monthly.
- CONVENIENT LOCATION & ACCESSIBILITY The property is conveniently positioned six miles south of Downtown near the intersection of Highway 290, Loop 360, and Mopac Expressway.
Investment Overview
Built in 1974 and 1982, Ektom Apartments is comprised of 12 efficiency units conveniently located near the intersection of Highway 290, Loop 360, and Mopac Expressway in Austin, Texas. The community offers affordable living in one of Texas’ fastest growing regions. The Austin MSA is expected to grow an 8.5 percent over the next five years, and the median home value has risen to $355,224 in 2023. Ektom Apartments presents the opportunity to create significant value with modern upgrades, continuation of utility reimbursement, and implementation of cable / internet services. The property is offered ‘free and clear’ which provides an excellent opportunity to take advantage of historically low rates.
Exclusively Listed By
