Home 5 V at SoCo
V at SoCo

Class: B
Year: 1984
Style: Garden Style

Acquired Date: April 2023
Address: 409 E William Cannon Dr., Austin, TX 78745
Property URL:  www.vatsoco.com

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Investment Summary

Located in the desirable South Austin submarket, this 160-unit garden-style complex was built in 1984 and features 1 and 2 bedroom floorplans with an average size of 658 sq. ft.

Its strategic location, less than a mile away from Highway 35 and 8-minute drive from Highway 71, puts it within easy reach of popular restaurants, entertainment venues, shops, and numerous employers. Residents can also enjoy the vibrant and trendy atmosphere of the surrounding neighborhood.

 

Common area amenities

  • Swimming Pool
  • Outdoor Kitchen
  • Lounge Areas
  • Sizable pet park
  • Business Center
  • Fitness Center
  • Walking distance to elementary school (Austin ISD)

Interior Amenities

  • Full-size in-unit Washer/Dryer connections*
  • Black appliances
  • Painted cabinets with hardware
  • Upgraded Backsplash
  • Granite Countertops
  • Updated faucets
  • Flooring
    * In Select Units

    Business Plan

    The units have received light upgrades leaving room to add additional amenities. REEP plans to further upgrade 100 units and add additional upgrades to the exterior. The planned exterior renovations include a dog park refresh, rebranding/signage, refreshing the pool and grill, adding exterior lighting, upgrading the laundry center, a new access system, exterior paint, cedar wraps, and a package locker. The interior upgrades include stainless appliances, upgrading fixtures, smart home tech, smart mirrors, cabinetry, paint, and washers/dryers.

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