Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2007
Occupancy 93.0 %

Property Description

Built in 2008, current ownership has spent more than $3.3 million on capital expenditures, with approximately 1.3M spent on common area renovations and 2.0M on interior renovations to include luxury finishes such as granite kitchen countertops with tile backsplashes, stainless steel appliances, custom cabinetry, walk-in closets, and plank wood flooring. These renovated units achieve rent premiums averaging $110 above non-renovated units, proving the high demand for premium interior finishes at the Property. Future ownership is presented with an exceptional value-add opportunity in continuing unit interior upgrades, while also being positioned in one of Austin’s fastest-growing submarkets, boding well for significant value creation going forward.

Investment Highlights

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in 401 Teravista (the “Property”), a 320-unit apartment community located in Round Rock with convenient access to major retail and economic drivers.
Sean Sorrell
Sean Sorrell
Senior Managing Director, Austin & San Antonio Co-Office Head
License details
TX-0353651
Nicole Fontaine
Analyst

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