Contacts
Jonathan Lee
787 Developers
Property Details
- Property Type Multi-Family
- Units 60
- Lot Size 20.06 Acre
- Cap Rate % 6
- Rental Income / YR 994097
- NOI / YR 641897
- Additional Rent Contact for pricing
- Date Updated Mar 28, 2024
This is an 87% IRR / 3.5X multiple investment opportunity for an experienced developer. Build a 60 - 100 unit RV park / tiny home hotel with 10 additional acres of breathtaking nature preserve and amenities area. All predevelopment work, site design, and informal reviews have been completed. Could be breaking gound in as quickly as 150 days and completing construction as quickly as 14 months. Property has a path to full utility capacity, no zoning, and no city or county level restrictions. See attached Sales Information packet for more indepth details.
See attached Sales Information brochure for rent comparables, rent roll, construction budget, investment analysis, and more. I also have a Google Drive folder with additional supporting documents. Reach out to me for the link.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- 10 miles East of Austin, 2 miles North of Tesla's manufacturing plant, and surrounded by over 10,000 acres! of new development projects - including the new Walter E. Long redevelopment plan that will create Austin's newest and largest park and recreational area less than 2 miles away.
- 10+ acres of nature preserve with an all year creek, 1+ miles of hiking trails, 2 ponds, fire pits, and more
Attachments
Getting around
-
15/100
Bike Score ®
Location
- City Manor, TX
- Zip Code 78653
- Market Austin
Points of Interest
-
MLK Jr.
8.59 miles
-
Texaco
1.49 miles
-
Valero
1.62 miles
-
Chevron
2.01 miles
-
Tesla Supercharger
2.38 miles
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ENDEAVOR RE GRP CHD BLDG 5
4.19 miles
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ENDEAVOR RE GRP CHD BLDG 2
4.20 miles
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ENDEAVOR RE GRP CHD BLDG 4
4.21 miles
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ENDEAVOR RE GRP CHD LEASING
4.26 miles
-
Exxon
5.11 miles
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(Closed)
5.37 miles
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Warehouse On Wheels
3.89 miles
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Multilevel Parking Garage
4.21 miles
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Outbound Lot West
4.75 miles
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River Trail parking
4.81 miles
-
Warehouse on Wheels
4.87 miles
-
Contractor Parking
5.46 miles
-
Clinic Patient Parking
5.53 miles
-
Parking Building
6.07 miles
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The Parking Spot East
6.13 miles
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Fast Park & Relax AUS / ABIA
6.54 miles
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Quality Inn & Suites
5.89 miles
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Holiday Inn Express & Suites
5.99 miles
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Hilton Austin Airport
6.85 miles
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Hyatt Place Austin Airport
6.94 miles
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Sleep Inn & Suites Austin - Northeast
7.29 miles
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WoodSpring
7.42 miles
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Candlewood Suites Austin North 290 & I 35
7.51 miles
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Extended Stay America - Austin - Austin Airport
7.65 miles
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aloft Hotel Austin Airport
7.83 miles
-
Patton Courts Motel
8.08 miles
-
La Mexicana Supermercado
1.49 miles
-
JD's Super Market
4.20 miles
-
Manor Grocery
5.36 miles
-
Walmart Supercenter
5.96 miles
-
H-E-B
6.75 miles
-
La Canasta Supermarket
7.44 miles
-
JD Market
8.20 miles
-
El Rancho Supermercado
8.37 miles
-
JD's Supermarket
8.64 miles
-
Target
9.11 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Jonathan Lee
787 Developers
