Gardens at Westgate

• Established Garden-Style Community with Mature Landscaping — The property consists of three low-rise buildings totaling 18 units on a quiet cul-de-sac, featuring private balconies and patios, on-site parking, and mature landscaping that would be difficult to replicate today. Its low-density, two-story design appeals to long-term renters seeking a neighborhood-oriented living environment.
• Renter-Preferred Unit Mix — The community offers twelve one-bedroom, one-bath units (±625 SF) and six two-bedroom, one-bath units (±846 SF), averaging approximately 699 SF. This highly desirable mix caters to the deepest segments of the South Austin renter base, including young professionals, students, and service-industry employees.
• Well-Maintained Interiors with Value-Add Potential — Updated kitchens, bright open living areas, and spacious bedrooms provide strong curb-to-lease appeal while still offering an opportunity for future ownership to further enhance interior finishes as units turn over.
• Immediate Lease-Up & Income Growth Opportunity — Fifteen of the property’s 18 units are currently occupied, with three vacant one-bedroom units available for immediate lease-up. A new owner can generate day-one income growth through lease-up and continued mark-to-market rent increases as leases naturally roll over, without requiring significant capital improvements.
• Ideal Size for Private Investors — The property’s 18-unit, three-building configuration offers a manageable investment opportunity for private investors, 1031 exchange buyers, and owner-operators. Its efficient scale supports either self-management or light third-party management while maintaining operational simplicity.
• Irreplaceable South Austin Infill Location — Located in Austin’s highly desirable 78745 ZIP code, the property sits within one of the city’s most consistently in-demand rental markets, just minutes from the South Lamar and Menchaca entertainment corridors and approximately six miles from Downtown Austin.
• Strong Demographics & Major Demand Drivers — Located near St. Edward’s University, the property benefits from a highly attractive trade area with an average household income of approximately $152,400 within one mile and $128,000 within three miles. Nearly 189,000 residents live within a three-mile radius.
• Limited Competitive Supply — While new multifamily development in Austin has largely concentrated in high-density urban corridors and suburban growth areas, established neighborhoods within 78745 have seen virtually no new garden-style apartment development, supporting long-term occupancy and sustained rental demand for well-located vintage assets.