6324 N Lamar Boulevard

• CLASS A URBAN ASSET AT BELOW REPLACEMENT COST With land and construction costs at an all-time high, Ellis Highline presents a unique opportunity to buy a luxury, urban multifamily asset at a price lower than total cost of new construction today.
• CORE TRANSIT HUB IN CENTRAL AUSTIN Located within a five-minute walk to Crestview Station on the Capital Metro Rail line, the property has excellent public transit options being just one stop from the Domain/Q2 Stadium and three stops from downtown Austin.
• VIBRANT TOD NEIGHBORHOOD The North Lamar / Justin Lane Transit-Oriented District has become a density hub, offering residents of the area excellent walkability to a diverse mix of restaurants, bars, grocery stores and gyms.
• STRONG LEASE TRADE-OUT OPPORTUNITY Ellis Highline saw its first move-ins in January 2023 and has gradually increased asking rents throughout the initial lease-up period. A new owner should except to take advantage of rental upside on the first renewal cycle.
• EXCEPTIONAL NEIGHBORHOOD DEMOGRAPHICS The one-mile radius shows median home values (ABOR) at $739,000 and median household income of $85,880 (2022).

Property Description