3105 Northwest Blvd Georgetown, TX 78628
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 3105 Northwest Blvd
- Property type
- Residential income homes
Description
This exceptional 28-unit townhome portfolio in Georgetown, Texas, presents a unique investment opportunity. Located at 3105 Northwest Blvd, 78628, Williamson County, this project, known as The Grove, is essentially shovel-ready, having overcome significant initial hurdles. A previous developer completed extensive pre-development work, including site work valued at over $1 million, resulting in fully developed pad sites. Many city fees have already been paid, significantly reducing the time and cost associated with obtaining necessary permits. The project includes comprehensive documentation, ready for transfer to the new owner at closing. This package encompasses geotechnical reports, architectural and civil engineering plans, condo documents, construction drawings, floor plans, landscape plans, property management plans and projections, specifications, and structural engineering details. While the project requires renewed city paperwork and the engagement of a general contractor to complete construction, the substantial groundwork already completed minimizes risk and accelerates the development timeline. This represents a compelling opportunity to acquire a nearly fully-prepared multifamily development in a desirable Texas location. The property's prime location in Georgetown offers strong potential for rental income or resale upon completion.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Williamson
- State
- Texas
- Longitude
- -97.6853
- Latitude
- 30.6671
