WATCH
Riverside Lofts
Austin, TX • A-Class Core
Key metrics
- List price
- $12.4M
- Units
- 48
- Cap rate
- 5.1%
- Cash-on-cash
- 8.4%
- 5yr IRR
- 13.9%
- IQ score
- 78
Investment summary
Stabilized core asset with limited near-term rent upside. Submarket delivering 3,100 new units through 2027, pressuring lease-up assumptions and concessions.
- Heavy new supply pipeline within a 2-mile radius.
- Property tax reassessment likely at close (+$118k/yr).
- Assumable agency debt at 4.1% fixed through 2031.