390-Unit Redevelopment - Bids Due by Oct 7 | 2103 Nueces St
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390-Unit Redevelopment - Bids Due by Oct 7 2103 Nueces St
19 Unit Apartment Building For Sale Austin, TX 78705
Investment Highlights
- ±0.19-acre redevelopment opportunity for multifamily or student housing.
- Convenient location 3 blocks to the UT Austin campus, 0.8 miles to the Texas Capitol, 1 mile to the medical district & 1.2 miles to downtown.
- Streamlined access to major roadways, including Interstate 35, MoPac Expressway (Loop 1), Highway 183 & Highway 290.
- MF-4-NP-UNO zoning allows for the potential construction up to 390 units.
- Average annual HH income is $158,883, and the number of households is projected to grow yearly by 0.5% from 2024 to 2029 within a 3-mile radius.
Executive Summary
Bankruptcy Sale: US Bankruptcy Court Western District of Texas (Austin) Case No. 23-10737-SMR | In re: Maya J ATX, LLC.
Bid Deadline: October 28 by 5:00 p.m. (CT).
On-Site Inspections: By Appointment Only.
This multifamily development site available for sale is located in the heart of the University of Texas at Austin’s downtown campus. Benefiting from Austin’s rapid population growth, proximity to the school and immediate access to major thoroughfares, this property presents highly desirable multifamily residential or student housing opportunities.
This site is located within the West Campus neighborhood of Austin, Texas, commonly referred to as Wampus. This area is home to many students attending the University of Texas at Austin (UT Austin), a prestigious research university with over 52,000 students and 3,000 teaching faculty.
Nationally and internationally recognized for its academic excellence, UT Austin is considered to be a Public Ivy — a public university that provides an Ivy League collegiate experience at a public school price. The school was ranked 32nd among all universities in the US and ninth among public universities according to US News & World Report’s 2024 rankings. Internationally, UT Austin was ranked 43rd in the 2023 Best Global Universities ranking by US News & World Report, and 43rd in the world by Academic Ranking of World Universities in 2023. UT Austin's enrollment increased by 893 students from Fall 2022 to Fall 2023, according to data from the Texas Higher Education Coordinating Board. The 1.7% change was the sixth-largest increase among public universities in the state during that time, further fueling the demand for student housing.
A Virtual Data Room has been assembled and contains important due diligence documents on the property. To access these documents, bidders must register at HRE’s website. Please contact broker for more information.
Bid Deadline: October 28 by 5:00 p.m. (CT).
On-Site Inspections: By Appointment Only.
This multifamily development site available for sale is located in the heart of the University of Texas at Austin’s downtown campus. Benefiting from Austin’s rapid population growth, proximity to the school and immediate access to major thoroughfares, this property presents highly desirable multifamily residential or student housing opportunities.
This site is located within the West Campus neighborhood of Austin, Texas, commonly referred to as Wampus. This area is home to many students attending the University of Texas at Austin (UT Austin), a prestigious research university with over 52,000 students and 3,000 teaching faculty.
Nationally and internationally recognized for its academic excellence, UT Austin is considered to be a Public Ivy — a public university that provides an Ivy League collegiate experience at a public school price. The school was ranked 32nd among all universities in the US and ninth among public universities according to US News & World Report’s 2024 rankings. Internationally, UT Austin was ranked 43rd in the 2023 Best Global Universities ranking by US News & World Report, and 43rd in the world by Academic Ranking of World Universities in 2023. UT Austin's enrollment increased by 893 students from Fall 2022 to Fall 2023, according to data from the Texas Higher Education Coordinating Board. The 1.7% change was the sixth-largest increase among public universities in the state during that time, further fueling the demand for student housing.
A Virtual Data Room has been assembled and contains important due diligence documents on the property. To access these documents, bidders must register at HRE’s website. Please contact broker for more information.
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Kitchen
- Hardwood Floors
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+4.5 | 19 | - | 330 |
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 203717 | Improvements Assessment | $2,191,757 |
| Land Assessment | $1,890,000 | Total Assessment | $4,081,757 |
PROPERTY TAXES
Parcel Number
203717
Land Assessment
$1,890,000
Improvements Assessment
$2,191,757
Total Assessment
$4,081,757
zoning
| Zoning Code | MF-4-NP-UNO (Multifamily Residence - Moderate-High Density) |
| MF-4-NP-UNO (Multifamily Residence - Moderate-High Density) |
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Stephen Madura -
Michael Kneifel -
Hilco Real Estate
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390-Unit Redevelopment - Bids Due by Oct 7 | 2103 Nueces St
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