Wildcreek Apartments 2025_Propriété à vendre
Wildcreek Apartments 2025_Propriété à vendre
1511 Faro Dr, Austin, TX, 78741-5029, US

Wildcreek Apartments 2025

Description de l'actif

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Wildcreek Apartments, a 232-unit, 1984 vintage, garden-style partment community located in Southeast Austin. Wildcreek Apartments provides investors with the ultimate value add opportunity as 100% of units are unrenovated, allowing for substantial renovations and potential to create healthy rent premiums and drive future NOI. Moreover, adoption of best management and advertising practices could immediately improve occupancy rates at the property. Wildcreek Apartments is a short distance from some of Austin’s most prominent and influential employers, including Oracle’s Headquarters, Austin Bergstrom Airport, Austin Community College, and Tesla’s Gigafactory. The property's strategic Southeast Austin location offers proximity to a diverse range of employment opportunities, spanning both blue- and white-collar sectors.


Furthermore, a mere five-minute drive from Wildcreek lies the coveted Butler Hike and Bike Trail, one of Austin's premier outdoor attractions and trail systems. Wildcreek Apartments boasts unparalleled access to green spaces, culinary hotspots, leading employers, and the broader Austin metropolitan area. Overall, Wildcreek Apartments presents a compelling opportunity for investors to optimize operational efficiency and boost future NOI through strategic occupancy improvements and thoughtful unit upgrades.

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Attributs

Nombre d'unités
232
Occupation
65 %
Année de construction
1984
Superficie du bâtiment nette
153 120 mètres carrés
Superficie du terrain nette
5,76 ha

Média

Points forts de l'investissement

Ideal Location with Access to Major Economic Hubs and Greater Austin


  • Located off East Riverside, Wildcreek sits in one of the city’s fastest growing and dynamic areas within Austin.
  • Wildcreek offer tenants easy access to key North-South and East-West transportation arteries: 5-minute drive to I-35 and 10 minutes to SH-71.
  • The property's strategic location provides convenient access to major economic drivers, including Oracle's headquarters, Tesla's Gigafactory, Austin-Bergstrom International Airport, Met Center Office and Industrial Park, and Austin Community College's Riverside Campus, enhancing its appeal to a diverse range of potential tenants.
Wildcreek Apartments 2025 4_Propriété à vendre
Wildcreek Apartments 2025 4_Propriété à vendre

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Dernière mise à jour
4 mars 2025