Vineyard Hills_Property for Sale
Vineyard Hills_Property for Sale
7631 Highway 290 W 7631 Hwy 290 W, Austin, TX, 78736-3631, US

Vineyard Hills

Asset description

Vineyard Hills is a 2000 vintage multifamily asset located in Southwest Austin—one of the most desirable submarkets in the Austin metroplex given the barrier to entry for new development and strong demographics. Vineyard Hills provides investors with the ultimate value-add opportunity, allowing for substantial renovation with potential to create healthy rent premiums and drive future NOI. This property is 100% CLASSIC units and has been largely untouched since initial construction. Additionally, the property’s superior southwest location provides easy access to the Greater Austin area via Highway 290 and Loop 1 (Mopac Expressway) while being surrounded by some of city’s most coveted neighborhoods, including Oak Hill, Circle C, and Barton Creek. Vineyard Hills is a short distance from some of Austin’s most prominent and influential employers.

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Attributes

Number of units
202 units
Year built
2000
Building area net
17,344 sm
Land area net
4.65 ha

Media

Investment highlights

IDEAL LOCATION WITH ACCESS TO MAJOR ECONOMIC HUBS AND GREATER AUSTIN


Vineyard Hills is prominently positioned in Southwest Austin, near “the Y” or intersection of Highway 290 and Highway 71. Residents can easily get North and South through the city via Loop 1 Mopac Expressway. Vineyard Hills presents residents with scenic southwest Austin living, while providing pristine access to major employers, esteemed school systems, and accessibility to H-E-B (just a 2-minute drive).


OAK HILL PARKWAY PROJECT WILL MAKE SOUTHWEST AUSTIN EVEN MORE DESIRABLE


The Texas Department of Transportation (TxDOT) is currently undertaking a project to construct an upgraded and modern roadway along US 290. The new roadway will feature 2-to-3 non-stop mainlanes in each direction for through traffic, as well as 2-to-3 frontage road lanes in each direction. As part of the project, an overpass will be built for the US 290 mainlanes, allowing for uninterrupted traffic flow over William Cannon Drive.


ULTIMATE VALUE-ADD OPPORTUNITY IN A DESIRABLE AUSTIN SUBMARKET


Vineyard Hills is a one-of-a-kind offering given that 100% of the units are classic, providing new investors the ultimate value-add opportunity.

Vineyard Hills 4_Property for Sale
Vineyard Hills 4_Property for Sale

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Last updated
Apr 1, 2024