1002 SE Martin Luther King Rd - Apartments FOR SALE
Smithville, TX 78957 |
1002 SE Martin Luther King Rd
Smithville, TX 78957
HIGHLIGHTS
- Independence Meadows Apartments in Smithville, TX | 45 Miles Southeast of Austin | 4th Largest City in Texas.
- 100% Project Based Section 8 Subsidy Contract | Renewed Under Option 3b in 2018 for 20 Years.
- Underwent Full Mark-to-Market Restructuring in 2018 | Green Initiative | Use Agreement in Place Through 2048.
- Oversized 7.15 Acre Parcel | Favorable Unit Mix 62% of Units are 2 & 3 Bedrooms.
- Located 22 Miles Southeast of Bastrop SpaceX Facility | Expected to Increase by 1M Square Feet | $280M in Capital Investment.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Independence Meadows Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
33600
STORIES
1
YEAR BUILT
1981
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17058
