Edge on South Congress
The Edge on South Congress is a boutique 35-unit apartment community that is located in South Austin with excellent visibility from South Congress Avenue. The property is 100% occupied and has been owned and self-managed by an individual investor for 22 years. It is significantly under managed with unrealized embedded equity. There is significant upside with new ownership and active management to implement a new strategy that will reposition the property to create new a product to capture market rents and maximize value. A preemptive offer was made and the property was put under contract before it was marketed for sale.