Multifamily

Val Dor II

1500 Reagan Hill Dr, Austin, TX 78752

Listing Price: Request For Offer

Number of Units
178
Occupancy
98.0%
Gross SF
136,220

Investment Overview

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.

Investment Highlights

  • 178 value-add units in Austin, Texas, just 10 minutes from Downtown
  • Significant value-add opportunity through unit enhancements
  • Well-maintained asset built in 1970 with recent, major CapEx completed
  • Located within high-performing submarket of North Central Austin – 95 percent average occupancy while achieving 3 percent rent growth

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
178
Occupancy
98.0%
Gross SF
136,220

Investment Highlights

  • 178 value-add units in Austin, Texas, just 10 minutes from Downtown
  • Significant value-add opportunity through unit enhancements
  • Well-maintained asset built in 1970 with recent, major CapEx completed
  • Located within high-performing submarket of North Central Austin – 95 percent average occupancy while achieving 3 percent rent growth

Investment Overview

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.

Exclusively Listed By

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