62 Unit Townhome Style Multifamily for Sale
5020 Manor Road
Austin, TX 78723
Mueller Gardens is a 62 unit townhome style apartment community.
Extensive renovation of the interior, exterior, and overall site is near completion. 20 units have obtained a temporary certificate of occupancy from the City of Austin. Construction is on schedule to complete the remaining 42 units in November 2018.
Convenient access to many of the major employers in Austin, entertainment, and active nightlife.
3 minutes to Mueller
12-15 minutes to The Domain
15 minutes to downtown Austin
Based on research, this area experienced an average annual rent growth of 6% over the last 10 years.
The discounted cash flow analysis indicates a 16.3% IRR after tax based on a 10 year holding period.