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Multifamily Apartments - GreenCrest Capital
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Azure Apartments & Townhomes (Escrow Closed)
in Austin, Texas
Thank you to all our equity partners and investors. This Property Escrow is closed now. The property has been purchased and is operational.
Azure Apartments, Nearby Landmarks in Austin, Texas
Prime Location
10 minutes to Downtown Austin, TX
Close to major hubs
199 Unit Property
Class C Asset, High Occupancy Apartment
community thriving in Austin
Strong Rental Market
Well-defined Value Add Business Plan and Exit Strategy, Clear Roadmap to Boost NOI and Asset Value
Major Employers Located Nearby
Tesla, Google, Apple, IBM, Samsung, DELL, Paypal, Oracle, AMD, EA, Whole Foods, Facebook, GM, Ebay, VRBO, Indeed and Others
100% Occupancy, Leasing Wait List
Strong Population Growth Uptrend, Wage and Earnings Growth leading to continued Full Occupancy at Azure Apartments
Monthly Income + Capital Growth
Co-Buyers and Investors to earn consistent ongoing cash-flow income from Day-1, Immediate TAX depreciation deduction and Capital Growth
High Growth Momentum
15% Organic Rent Growth (Source: Costar), 6.76% projected population growth (within 1 mile radius), Household income: 62K within 3 miles radius
Property Photo Gallery and Rental Listings ( View Here )
Property is professionally managed. Well designed amenities and Unit interiors make this one of the top choices for Professionals, Families, and Local residents
Azure Apts Property Rental ListingsInvestment Summary
• Built in 1973 Class C Asset with Deep Value Add opportunity
• Property size: 199 units
• 506(b) offering
• Projected Average Annual Cash on cash: 8%+
• Projected 5 year investor return: 90%+
• 3 to 5 year hold
• Cost segregation assessment estimates 90%+ Bonus Depreciation
• Purchase price $31,400,000
• 7.8 million Capital Raise
• Minimum Investment: Please Contact Us.
• CapEx is funded by the loan
• Low delinquencies
Detailed Prospectus ( View Here )
Review detailed projected cash flow model, Business Plan, Exit Strategy, Property Financing, Rent Comps and Other vital due diligence information
Azure Apts Property PDF Prospectus
Ariel View of Azure Property and Prime Location in Austin, TX
Property Highlights
• Central location to Tesla, Apple, IBM, PayPal, The Domain, Google, Oracle, Dell Technologies, Ascension Seton Healthcare, Samsung Austin Semiconductor, Indeed, National Instruments, Whole Foods, VRBO, etc.
• 100% occupancy | 100% pre-leased with a waiting list
• Individual HVACs
• Individually metered
• Easy access to 3 major highways.
• 93 out of 199 doors are 2 bedrooms, 33 of those are townhomes, making it great for families.
• Located in a rapidly changing area of the city experiencing 15% organic rent growth in the last 12 months (Costar).
• 6.76% projected population growth (within 1 mile radius from 2021-2026)
• Median home value: $365,988.00
• Household income: 62K within 3 miles radius
• Average age of 33 years old within 1 mile radius
Detailed Prospectus ( View Here )
Review detailed projected cash flow model, Business Plan, Exit Strategy, Property Financing, Rent Comps and Other vital due diligence information
Azure Apts Property PDF ProspectusApartment Owners ‘Golden Age’ Primed to Continue in 2022 ( View Here )
Rents are rising at record rates, and investors are spending more to snap up apartment buildings. Read This Story Here.
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Please Contact Us to Learn more about the next Multi Family Apartment Opportunity
Benefits Of Passive Multifamily Investment ( View Here )
Rents are rising at record rates, and investors are spending more to snap up apartment buildings. Read This Story Here.
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