9209 Northgate BlvdAustin, TX 78758

For Sale
Call for price

42-Unit Value-Add Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
Ventura North Apartments presents a compelling value-add investment opportunity in Austin, Texas. This 42-unit apartment building, constructed in 1984, boasts 25,800 square feet of net rentable space across two stories. Currently operating at 90.5% occupancy, the property offers significant upside potential. The units are primarily one-bedroom, with 16 already featuring full or partial renovations. Built to condo specifications, many units include desirable features such as fireplaces, in-unit washer/dryer hookups, and vaulted ceilings (in select units), providing a competitive edge in the rental market. The property benefits from its location in North Austin, offering convenient access to major employers, The Domain, and Q2 Stadium, contributing to long-term growth prospects. The property is zoned MF-3 and has undergone substantial property-wide capital improvements enhancing its overall appeal and functionality. This garden-style community presents a rare opportunity to acquire a well-located, value-add asset in a thriving Austin submarket. The APN is 250109, and the address is 9209 Northgate Blvd, Austin, TX 78758.

Highlights

  • 42-unit apartment building in Austin, TX.
  • Value-add multifamily investment opportunity.
  • 25,800 square feet of net rentable area.
  • 90.5% occupancy.
  • Built in 1984, two stories, MF-3 zoning.

Property Details for 9209 Northgate Blvd

Property type
Multifamily properties, Apartment buildings
Year Built
1984
Stories
2
Units
42

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.371878042991
Longitude
-97.715563764554
9209 Northgate Blvd, Austin, Texas

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9209 Northgate Blvd
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