Woodrow Apartments

• Six-Unit Multifamily Asset — Six 1BR/1BA units totaling ±4,800 SF, with a uniform ±800 SF floor plan across all apartments.
• Immediate In-Place Cash Flow — Current scheduled rent totals $5,525/month ($66,300 annually), providing immediate in-place cash flow upon acquisition.
• Rent Upside — Underwriting projects market rent of $6,200/month versus the current $5,525/month, representing $675/month in loss-to-lease, or 12.2% upside.
• Attractive Infill Basis — Acquisition at $795,000 equates to approximately $165.63 per square foot and $132,500 per unit, representing an attractive basis for a well-located infill asset.
• Stabilized NOI Growth Potential — Underwritten NOI increases from the historical $26,034 to $39,676.50 in Year 1 (adjusted) and $40,048.50 at stabilized market rents.
• Prime Central Austin Location — Located at 5624 Woodrow Ave, Austin, TX 78756, the property is situated in a desirable Central Austin infill submarket with limited six-unit multifamily inventory.