99 Mager Lane - Apartments FOR SALE


Hutto, TX 78634- Far Northeast
$5,000,000 USD
512-994-0247
99 Mager Lane, Hutto, TX for Sale
$5,000,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

99 Mager Lane
Hutto, TX 78634
Far Northeast


OVERVIEW

TURNstyle HOMES has a new innovative boutique community, the VILLAS at COTTONWOOD TRAIL just minutes north. Rare opportunity to acquire a 22-unit build-to-rent (BTR) portfolio in Hutto, TX, offered at $5,000,000 (~$227K/unit)—a substantial discount to its recent appraised value of $5,548,700 (~10% below appraisal), providing immediate built-in equity. Villas at Cottonwood Trail features 22 detached 2–3 bedroom homes (822–1,152 SF) with private yards and dedicated parking, designed for strong rental demand and long-term tenant retention. Strategically located minutes from Samsung, Tesla, Amazon, and major toll roads (SH-130, Hwy 79, I-35), the property benefits from rapid population growth and major employment drivers. Current underwriting reflects projected gross income of ~$436,500 for long-term rentals with NOI of ~$302,070 (6.03% cap), and ~$736,800 gross with NOI of ~$380,512 (7.60% cap) utilizing a mid-term rental strategy. Blended approach projects ~$341,291 NOI (~6.8% cap). Average rents are approximately $1,653/month (LTR) and $2,840/month (MTR). Property supports flexible rental strategies including long-term, mid-term, and short-term rentals. Available as a full 22-unit portfolio or partial acquisition options including 11-unit, 4-unit, 2-unit groupings, or individual units. Rare chance to acquire a scalable, small-format BTR community in one of the fastest-growing submarkets north of Austin. Buyer to verify all information.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

22

PRICE/UNIT

$227,273

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villas at Cottonwood Trail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,987 SF

ZONING

-

APN/PARCEL ID

R545633

ASK ABOUT THIS PROPERTY

Robert FischerRobert J Fischer Team at Keller WilliamsMore Info
512-994-0247

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Robert FischerRobert J Fischer Team at Keller WilliamsMore Info
512-994-0247

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