7516 McAngus Road - Three Zoned Multifamily/Build-to-Rent Sites
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7516 McAngus Road - Three Zoned Multifamily/Build-to-Rent Sites
42.99 Acres of Residential Land Offered at £7,961,429 in Del Valle, TX 78617
Investment Highlights
- Located with frontage along Ross Road and McAngus Road, the Sites are less than a mile east of TX-130, allowing for easy travel to throughout the MSA.
- Within the immediate area, garden-style multifamily assets are achieving asking rents up to $1.96 psf.
- Tracts 2 and 3 are zoned MF-4 which allows for a density of between 36-54 units per acre depending on unit size.
- Within a 5-mile radius are various highly-trafficked destinations such as Austin-Bergstrom International Airport and the Tesla Gigafactory.
- Tract 1 is zoned MF-4 with a conditional overlay only permitting 212 units on the Site.
- MF-4 zoning also allows for a variety of uses including but not limited to build-to-rent, duplex residential, townhome residential and senior housing.
Executive Summary
Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership (Lender Owned) to offer developers and investors the opportunity to purchase three MF-4 zoned development sites on which you can construct garden style multifamily, senior housing, or build-to-rent (the “Sites”). The Sites are located just southeast of Austin, TX in rapidly growing Del Valle a mile east of TX-130. Additionally, the tracts are close to major destinations in the Austin-Round Rock MSA such as Austin-Bergstrom International Airport (2 mi. North), the Tesla Gigafactory (4.5 mi. North), and Circuit of the Americas (1 mi. Southeast).
The offering is made up of a 26.99+/- acre site (“Tract 1”), a 8.27+/- acre site (“Tract 2), and a 7.73+/- acre site (“Tract 3”) all contained within the larger Moore’s Crossing development/Municipal Utility District. Tract 1 has a concept plan showing 212 townhomes depicting the maximum amount of units allowed per the zoning. Tracts 2 and 3 have concept plans depicting multifamily developments with 172 units and 178 units respectively. The Sites can be bought together or separately.
Pricing:
Tract 1: $5,500,000
Tract 2: $2,400,000
Tract 3: $2,275,000
A 1% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity; a third-party broker must identify and register their client upon initial contact with VREA.
The offering is made up of a 26.99+/- acre site (“Tract 1”), a 8.27+/- acre site (“Tract 2), and a 7.73+/- acre site (“Tract 3”) all contained within the larger Moore’s Crossing development/Municipal Utility District. Tract 1 has a concept plan showing 212 townhomes depicting the maximum amount of units allowed per the zoning. Tracts 2 and 3 have concept plans depicting multifamily developments with 172 units and 178 units respectively. The Sites can be bought together or separately.
Pricing:
Tract 1: $5,500,000
Tract 2: $2,400,000
Tract 3: $2,275,000
A 1% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity; a third-party broker must identify and register their client upon initial contact with VREA.
Property Facts
| Price | £7,961,429 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 42.99 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £7,961,429 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 42.99 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £7,961,429 | Lot Size | 42.99 AC |
| Price Per AC | £185,193 |
| Price | £7,961,429 |
| Price Per AC | £185,193 |
| Lot Size | 42.99 AC |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £289,230 | |
| Land Assessment | £1,262,208 | Total Assessment | £1,551,437 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,262,208
Improvements Assessment
£289,230
Total Assessment
£1,551,437
zoning
| Zoning Code | MF-4 (Zoning allows for Multifamily, Build-To-Rent, and Senior Living.) |
| MF-4 (Zoning allows for Multifamily, Build-To-Rent, and Senior Living.) |
Contacts
-
Jordan Cortez -
Will Droese -
Mason John -
Reid Pierce -
Haley Birmingham -
Justin Tidwell -
Alex Johnson -
Jim McNulty -
Vanguard Real Estate Advisors
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7516 McAngus Road - Three Zoned Multifamily/Build-to-Rent Sites
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