Buyer Need: Austin MSA -Stabilized MultiFamily- $8-$11M

I have a local client who is seeking to buy the following type of multifamily product.

 

·         $8-$11M Purchase of Austin area multifamily

o   (my client is not on a 1031, but has $4M cash to leverage)

·         Client is local, high net-worth individual with history of owning multifamily in Austin & California

·         Seeking property that is stabilized for the most part. Not heavy value-add.

·         Cap rates above 5% will be considered/reviewed.

·         Locations: Client prefers nicer parts of Austin MSA, and understands the cost/per unit will reflect

·         Timing: We can  move as immediate as possible since funds are in bank, and Buyer is local.

 

 

Jim Young, CCIM, Broker

Longbow Real Estate Group

West Point ‘94

11701 Bee Caves Road, Ste 250

Austin, TX 78738

jim@longbowRE.com  @jimyoungCRE

512-565-7509

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-View My Buyer Criteria Here-