Northmarq is pleased to present Ventura North Apartments, a 42-unit Value-Add Investment Opportunity in the heart of Austin, Texas. Originally built in 1984, Ventura North is a unique garden-style community situated in the dynamic submarket of North Austin. The Property consists of predominately one-bedroom units, of which 16 have undergone full/partial renovation. In addition to unit upgrades, Ventura North has seen substantial property-wide capital investment to enhance the overall look, feel, and functionality of the community.
Built originally to condo specifications, the community was built with the end user in mind being a homeowner. As such the property boasts unique features such as fireplaces, in-unit washer/dryer hookups, and vaulted ceilings (in select units), which are all uncommon in properties of comparable age and size, and add to a competitive advantage in drawing quality renters.
Located in North Austin, Ventura North Apartments is a short commute to many of Austin’s most notable employers, and is less than 10 minutes away from The Domain (Austin’s “second downtown”) and Q2 Stadium—home to Austin’s professional soccer team—creating stability and catalysts for long-term growth opportunity in the neighborhood.