Three Zoned Sites | Multifamily/Build-to-Rent/Seniors | Del Valle, TX (Austin MSA)

Highlights:

• Located with frontage along Ross Road and McAngus Road, the Sites are less than a mile east of TX-130, allowing for easy travel to the rest of Austin and other major Texas employment nodes.
• Within a 5-mile radius of the Site are various highly-trafficked destinations such as Austin-Bergstrom International Airport, the Tesla Gigafacotry, and the Circuit of the Americas.
• The Site is located within Del Valle ISD. Nearby schools within the Sites attendance zone include Popham Elementary (less than a mile north), Del Valle Middle (2 miles north), and Del Valle High School (2.5 miles north).
• Tract 1 is zoned MF-4 with a conditional overlay only permitting 212 units on the Site. Tracts 2 and 3 are zoned MF-4 which allows for a density of between 36-54 units per acre depending on unit size.
• In addition to garden style multifamily, the MF-4 zoning also allows for a variety of uses including but not limited to build-to-rent, duplex residential, townhome residential, senior housing, and single-family residential.
• Per the US Census Bureau, the population of the Austin-Round Rock MSA was up 32% between 2020 (2,283,371) and 2020 (1,719,289).
• CoStar predicts that the suburban submarkets of Austin could see more favorable annual rent growth in 2024 compared to urban submarkets within the MSA.
• Within the immediate area, garden-style multifamily assets are achieving asking rents up to $1.96 psf.

Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership (Lender Owned) to offer developers and investors the opportunity to purchase three MF-4 zoned development sites on which you can construct garden style multifamily, senior housing, or build-to-rent (the “Sites”). The Sites are located just southeast of Austin, TX in rapidly growing Del Valle a mile east of TX-130. Additionally, the tracts are close to major destinations in the Austin-Round Rock MSA such as Austin-Bergstrom International Airport (2 mi. North), the Tesla Gigafactory (4.5 mi. North), and Circuit of the Americas (1 mi. Southeast).

The offering is made up of a 26.99+/- acre site (“Tract 1”), a 8.27+/- acre site (“Tract 2), and a 7.73+/- acre site (“Tract 3”) all contained within the larger Moore’s Crossing development/Municipal Utility District. Tract 1 has a concept plan showing 212 townhomes depicting the maximum amount of units allowed per the zoning. Tracts 2 and 3 have concept plans depicting multifamily developments with 172 units and 178 units respectively. The Sites can be bought together or separately.

Pricing:

Tract 1: $5,500,000

Tract 2: $2,400,000

Tract 3: Under Contract

To gain access to the Due Diligence Vault click on the link below:

https://docsend.com/view/s/p729vveicg8cge4s

A 1% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity; a third-party broker must identify and register their client upon initial contact with VREA.

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