5609 Cougar Drive
- DISTINCTIVE LOFT PLANS AT A BOUTIQUE SCALE
- Built in 1983, the 24-unit community combines traditional one-bedroom apartments, two-level one-bedroom lofts and two-bedroom residences. Loft layouts, private outdoor space and fireplaces in select units give the property a distinct residential character within South Austin's rental inventory.
- MEASURABLE RENTAL UPSIDE
- Cherry Hill Lofts' in-place rents trail the surveyed comp averages across both one- and two-bedroom apartments. The gap presents a measurable opportunity to grow rental income through future leasing and renewals. With four of 24 units vacant as of 10/13/2026, lease-up offers an additional path to revenue growth.
- VISIBLE SOUTH AUSTIN INFILL LOCATION
- Frontage along West Stassney Lane and an adjacent bus stop give Cherry Hill Lofts visibility and convenient access within an established South Austin neighborhood. Nearby retail, Austin Community College's South Austin campus, and the dining and entertainment destinations of St. Elmo and South Congress add to the property's residential appeal.
Property Description
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Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 24 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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