512-797-1844
5515 Humming Bird Ln, Austin, TX for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

5515 Humming Bird Ln
Austin, TX 78745
West Congress


HIGHLIGHTS

  • Turnkey income from Day One
  • 95% occupied
  • Set up for the mid-term rental boom and has a professionally managed platform
  • Heart of South Austin's in-demand corridor
  • Modern concrete podium-style building with all-steel framing
  • Quality construction featuring soundproofing, high-end finishes, and 12-foot ceilings

OVERVIEW

A brand-new Class A boutique condominium asset, fully operational and professionally managed as a mid-term rental community. The property is approximately 95% occupied, with the majority of residences delivered fully furnished, providing strong in-place cash flow and immediate income from acquisition. A differentiated investment opportunity offering multiple potential strategies beyond a traditional multifamily hold. Investors may acquire the asset outright or participate through a majority-equity joint venture structure. Potential strategies include continuing the existing mid-term rental operation, transitioning select units to long-term leases, or pursuing individual condominium sales over time. The condominium structure provides additional flexibility, with individually platted residences that are separately taxed and metered and an established condominium regime already in place. This creates optionality for a phased unit-by-unit disposition strategy while maintaining the ability to operate the property as a unified rental community. The professionally managed mid-term rental platform conveys with the asset, providing an established operating infrastructure and reducing the operational requirements for an incoming owner. Designed by award-winning architect Mark Odom and constructed by Blackridge Construction. Modern concrete podium-style construction with steel framing, sound-conscious design elements, high-end finishes, and approximately 12-foot ceilings. Strategically located within Austin’s South Congress corridor, minutes from Downtown Austin, Austin-Bergstrom International Airport, and the St. Elmo, SoLa, and SoCo entertainment districts. The property is also proximate to major employment centers, hospitals, and lifestyle amenities that support demand from traveling professionals, medical personnel, corporate tenants, and relocating executives—the core demographic for mid-term rental housing.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

21

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hummingbird Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

MU GO NP

APN/PARCEL ID

325153

ASK ABOUT THIS PROPERTY

Olivo CastilloReal AgentMore Info
512-797-1844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Olivo CastilloReal AgentMore Info
512-797-1844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.