Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1985
Building Area
Land Area
Number of units 72

Property Description

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase a fee-simple interest in Laurel Heights. Situated on 3.5 acres, Laurel Heights 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, it is also 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. Laurel Heights is 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.

Investment Highlights

  • Stable asset with tremendous value-add potential
  • Strong submarket fundamentals
  • Explosive economic growth
  • Fee simple interest
Last Updated Date: 06 Oct 2020
Roberto Arzola
Director, Capital Markets
Joe Dowdle
Joe Dowdle
Director

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Last Updated Date: 06 Oct 2020

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