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

Attributes

Year Built 1983
Occupancy 98.0 %

Property Description

Built in 1984 and spanning 7.4 acres, The Violet features a resort style swimming pool with a fire pit and grills, a large club room and business center, a dog park, and a 24-hour fitness center providing residents with a full package of amenities. Over the past three years, current ownership invested approximately $3 million modernizing unit interiors and updating amenities, but multiple revenue enhancement opportunities still exist at the Property as a result of rapidly improving demographics and relocations to South Austin.

Investment Highlights

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in The Violet(The “Property”), a 12 building, 160-unit garden apartment community located in the heart of South Central Austin.
Schafer Smartt
Analyst
Samuel Nichols
Analyst

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