Skansen Apartments

Property Information

Market Pricing

Location: Austin, TX
Address: 4205 Speedway
Year Built: 1975
Units: 30
Status: Closed

Investment Highlights

Strong Rental Demand

Hyde Park's proximity to the University of Texas at Austin and downtown makes it a highly desirable rental market. The neighborhood attracts a diverse tenant base, including students, young professionals, and families, seeking convenient access to Central Austin’s employment opportunities, entertainment, and amenities.

Value-Add Potential

Opportunity to raise rents through updating interiors & appliances, improving common areas, and renovating exterior elements for improved curb appeal and property aesthetics. Owner also currently pays tenant’s water/sewer & trash providing chance to bill back or implement fee system to recoup cost.

Managerial Improvement

New owners can benefit from a streamlined operation by improving managerial ineffeciences such as implementing a marketing & advertising strategy, increasing in-place under market rents, and executing value-add strategies on a property wide basis for economies of scale.

Long-Term Appreciation

Hyde Park offers the potential for long-term appreciation and wealth accumulation. With Austin's continued population growth and economic prosperity, Hyde Park can serve as a stable and lucrative investment vehicle for investors seeking to build wealth over time being an infill neighborhood with a high barrier to entry for apartment developments.