Current Use by Public Records
- Apartment buildings
Property Details for 1051 Frontage Rd
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a two-property, 215-unit multifamily portfolio in the thriving city of New Braunfels, Texas. Located on I-35 frontage, these properties boast convenient access to both Austin and San Antonio. Vivo Living I (140 units), built in 1978 and extensively renovated in 2022, and Vivo Living II (75 units), built in 2002 and also renovated in 2022, offer a mix of studio and one-bedroom apartments. Each unit features contemporary finishes, including updated kitchenettes and bathrooms. Residents enjoy an impressive amenity package, including game rooms, fitness centers, pools, co-working spaces, dog parks, and more. The properties benefit from significant recent renovations encompassing interior upgrades (flooring, kitchenettes, bathrooms, paint, lighting, countertops), exterior enhancements (paint, redesigned common areas, entry and leasing office improvements), and the addition of storage units. This portfolio is offered for sale as a whole or individually, presenting a compelling investment opportunity in a rapidly growing Texas market. The properties are situated less than a mile apart, providing excellent visibility and accessibility from I-35, a major transportation artery. The strategic location between Austin and San Antonio offers residents easy commutes and access to a diverse job market. Vivo Living II also features keyless entry Latch Smart Locks. This portfolio represents a rare opportunity to acquire a well-maintained, high-amenity multifamily asset in a prime location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Braunfels
- County
- Comal
- State
- Texas
- Longitude
- -98.096
- Latitude
- 29.6988
