Gardens at Anderson Square
Multifamily | 16 Units
Marketing description
HOTSPOT BETWEEN AUSTIN’S MOST PROMINENT EMPLOYMENT CENTERS
Gardens at Anderson Square is centrally within a 5-mile radius of some of Austin’s most notable employment centers. Residents here are within a 10-minute commute to downtown, the Domain, Mueller and the University of Texas. The property is within three miles of three of Austin’s major thoroughfares – Interstate 35, Mopac and Highway 183 – offering accessibility to anywhere in the metro.
Investment highlights
CHIC MULTIFAMILY COMMUNITY, $500+ RENT PREMIUMS ON RENOVATED INTERIORS 63%
Gardens at Anderson Square is a 16-unit multifamily community directly off Anderson Lane in north central Austin. Current ownership has completed interior renovations in 10 units (63%), which are seeing over $500 in rental premiums above current rents in remaining classic units. The property is located directly off of Anderson Lane on Gault Street. The micro-pocket – home to a number of smaller multifamily communities – has seen a significant pickup in activity from private investors executing high quality improvements to surrounding properties and taking advantage of the underserved rental demand in the neighborhood.
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