Angebotspreis Preis auf Anfrage
NOI NOI Auf Anfrage
Rendite Auf Anfrage
Angebotspreis Preis auf Anfrage
NOI NOI Auf Anfrage
Rendite Auf Anfrage

Key Facts

Baujahr 1985
Gebäudefläche
Grundstücksfläche
Number of units 72

Objektbeschreibung

JLL is pleased to offer for sale Laurel Heights, a residential property of 3.5 acres. It is a six-building, 72-unit garden apartment community located within the loop of Route 337, in the heart of New Braunfels, Texas. Built in 1985, Laurel Heights is positioned near the intersection of Landa Street and North Walnut Avenue (SH-46), two major city thoroughfares. The property provides convenient access to all that New Braunfels offers and is in walking distance to many neighborhood shops and restaurants.

The property’s central location between San Antonio and Austin has contributed to the area’s accelerated growth, as access to Loop 337 and IH-35 provide residents with an expeditious commute to the two largest economic hubs in Central Texas. 

Investment-Highlights

• Fee simple interest

• Uniquely positioned to take advantage of pent-up demand for workforce housing options

• Current ownership has focused on making some exterior improvements, while leaving the interiors open to full renovation

• This value-add opportunity presents investors with the ability to push rents while still offering an affordable leasing option relative to Class A properties and more in line with top performing, older vintage assets

Last Updated Date: 24 Aug 2020
Richard Mireles
Director, Capital Markets
Roberto Arzola
Director, Capital Markets
Last Updated Date: 24 Aug 2020

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.