Apartments For Sale • 39,455 SF
| Value-Add Opportunity - Centrally Located, Under Performing Asset |
| Out-of-State Owner Since 2019 With Recent Management Change |
| Occupancy in the Northeast Submarket is 92% vs Park Plaza’s Occupancy of around 73% |
| Low Basis – asking only ~ $97K per unit |
| Low Density, providing Upside With Favorable Zoning for Redevelopment |
| Option to Buy Individually or Together with Hidden Gardens (5606 N Lamar Blvd, 78751) |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Austin (Texas Eagle - Amtrak) | 15 min | - | 9.4 mi |
| Airport | Drive | Walk | Distance |
| Austin-Bergstrom International | 29 min | - | 18.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 124 |
| Type: | Surface |
| Included in Rent: | Yes |