Investment Overview

Register to Bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3270 Marcus & Millichap and RealINSIGHT Marketplace is pleased to present the exclusive listing of 1500 Park Lane in Georgetown, Texas. Built in 1974, the 14-unit property sits on 0.96 acres, and is conveniently located near the intersection of Interstate 35 and Williams Drive with traffic counts over 27,000 daily. The property is only one mile from Downtown Georgetown, less than two miles from Southwestern University, and within close proximity to assigned public schools and major retailers including HEB, Walmart, Home Depot, Starbucks and McDonald’s. Additionally, the property is adjacent to The Commons of Rivery, a mixed-use development that will feature 300 luxury apartment units, over 45,000 square feet of retail space, and a central open-air plaza. Georgetown was recently named the #1 Boomtown in America and is currently growing at a rate of 7.65% annually representing a population increase of 67.46% since 2020. With all units in a classic condition, the property presents the opportunity to create significant value with modern upgrades, implementation of cable / internet services, addition of pet policy, and creation of laundry facility. The property is offered ‘free and clear’ of existing financing.