Greenbriar Apartments

• Irreplaceable Riverside Infill Location — Greenbriar Apartments is a 26-unit community situated at 2314 Parker Lane/2319 Greenfield Pkwy. The property provides convenient access to Downtown Austin, East Austin, and the Rainey Street district while maintaining an attainable rental profile within one of Austin’s most established close-in neighborhoods.
• Compelling Entry Basis in Central Austin — At a $2.0 million offering price, Greenbriar is available for less than $77,000 per unit. The basis gives an investor room to solve operational issues, execute a value-enhancement program, and still remain well positioned relative to competing infill apartment opportunities.
• Immediate Lease-Up and Operational Upside — The current rent roll reflects meaningful upside, allowing a new owner to establish professional leasing, management, and resident-retention practices from day one. Rather than inheriting a fully stabilized legacy operation, the buyer can directly influence revenue growth through lease-up of vacant units.
• Long-Term Ownership Creates a Clean Repositioning Opportunity — Having been under prior ownership for nearly 20 years, the property presents a rare opportunity to modernize an established asset that has not been institutionally repositioned. Targeted interior upgrades, exterior improvements, and common-area enhancements can refresh the resident experience and reposition Greenbriar within the Riverside rental market.
• Efficient Unit Mix — The property consists of 20 one-bedroom / one-bath units averaging ±527 SF and six two-bedroom / one-and-a-half-bath townhome-style units averaging ±800 SF. This practical unit mix caters to the deep renter pool seeking attainable housing near Austin’s urban core, while the townhome layouts add differentiation.