1500 Reagan Hill Dr, Austin, TX 78752
Marcus & Millichap is pleased to announce the exclusive listing of Val Dor II, a 178-unit multifamily investment opportunity in Austin, Texas. Built in 1970, the asset offers a new investor the opportunity to implement a unit enhancement program to achieve significant premiums. Val Dor II has minimal deferred maintenance and has received significant capital expenditures in recent years. The property is located in North Central Austin, a high-performing submarket with exceptional demographics. The average rent growth of North Central Austin exceeds three percent, and the average occupancy is 95 percent. A new investor has the unique opportunity to purchase the asset and increase rental income through the continuation of the current interior renovation program.
Marcus & Millichap is pleased to announce the exclusive listing of Val Dor II, a 178-unit multifamily investment opportunity in Austin, Texas. Built in 1970, the asset offers a new investor the opportunity to implement a unit enhancement program to achieve significant premiums. Val Dor II has minimal deferred maintenance and has received significant capital expenditures in recent years. The property is located in North Central Austin, a high-performing submarket with exceptional demographics. The average rent growth of North Central Austin exceeds three percent, and the average occupancy is 95 percent. A new investor has the unique opportunity to purchase the asset and increase rental income through the continuation of the current interior renovation program.
