SAB Capital presents Independence Meadows Apartments, an elderly-designated multifamily community located approximately 45 miles southeast of Austin, Texas. The 42-unit property is supported by a Project-Based Section 8 HAP contract, renewed under Option 3b in 2018 for a 20-year term. Originally constructed in 1980, the property underwent substantial renovations in 2019 through the Mark-to-Market Green Initiative program. Improvements included energy and water efficiency upgrades. The property spans 7.15 acres and consists of 22 buildings. The unit mix includes 16 one-bedroom, 16 two-bedroom, and 10 three-bedroom units. The property includes a leasing office and playground. The buildings feature masonry construction and pitched asphalt shingle roofs.