Multifamily
Georgian
1700 S Austin Ave, Georgetown, TX 78626
Listing Price: Request For Offer
Investment Overview
Georgian Apartments is a boutique and convenient apartment complex in Georgetown, Texas. Built in 1968, this complex offers 41 apartment units, a laundry facility, and a sparkling pool. Over the past several years, the current long-term owners have completed several capital projects totaling more than $250,000. The expenditures include but are not limited to new roofs, sidewalks, resurfaced parking lot, and the replacement of all patio decks.
For a new investor; Georgian Apartments is positioned well for a new group to come in and execute an interior renovation program which should result in $115 - $125 monthly premiums in the marketplace while also implementing a RUBS Program to further bolster NOI and long-term value appreciation
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Privately Owned and Operated for Over 25 Years
- First Generation Boutique Value-Add Asset
- Positioned off Interstate 35 Nearby Major Retailers & Employers
- Austin MSA Ranks #1 Amongst Large Metro Areas (Milken Institute, 2024)
Investment Overview
Georgian Apartments is a boutique and convenient apartment complex in Georgetown, Texas. Built in 1968, this complex offers 41 apartment units, a laundry facility, and a sparkling pool. Over the past several years, the current long-term owners have completed several capital projects totaling more than $250,000. The expenditures include but are not limited to new roofs, sidewalks, resurfaced parking lot, and the replacement of all patio decks. For a new investor; Georgian Apartments is positioned well for a new group to come in and execute an interior renovation program which should result in $115 - $125 monthly premiums in the marketplace while also implementing a RUBS Program to further bolster NOI and long-term value appreciation
Exclusively Listed By
Financing By
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