Overview
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Hidden Gardens Apartments is a 71 unit property located at 5606 N Lamar Blvd in Austin, Texas, with a large average unit size of 769 square feet. This 2.12 acre site with favorable zoning features a swimming pool, on-site laundry, and 108 parking spaces. Select unit interiors are finished with stainless steel appliances, gas stoves, silestone countertops, matte black fixtures, and luxury vinyl plank flooring. The property is uniquely positioned in a central well established neighborhood and is walking distance to McCallum High School. Convenient access to major roadways, local retail along N. Lamar Blvd and Burnet Rd, and nearby employment hubs at The Domain, The Triangle, numerous medical centers, and Downtown. This exceptional location is a prime candidate for value-add or future redevelopment.
Investment Highlights
- Value-Add Opportunity, Under Performing Asset in Central Location With Potential to Reduce Taxes by Partnering With a CHDO
- Out-of-State Owner Since 2019 With Recent Management Change
- Rent in the Central Submarket are on Average 43% Higher Than Rents at Hidden Gardens
- Low Basis – Please Contact Broker for More Details
- Site Has Low Density, providing Upside With Favorable Zoning for Redevelopment
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