Page 4 - Legacy Communities Market Study
P. 4
PROJECT OVERVIEW
SPRINGDALE FLATS
4907 SPRINGDALE RD. AUSTIN, TX 78723
82 Stacked Flats Downtown
• Lot Development and Home Construction
• $850k Purchase Price
• $3.1M Due Diligence/Permitting/Lot Development Costs
• $550k Amenity
Equity Investment $1.35 Million - 40%+ IRR • 32 Month Equity Payback
• Project is JV with another group
$24M in Sales 82 Stacked Flats
• Average Sales Price $275k for a 978sqft home ($300/ft) • Sales pace 5 per month
SITE MAP
PRODUCT INSPIRATION
4/12/2018
NatGeo Mapmaker Interactive
LEGACY COMMUNITIES
https://mapmaker.nationalgeographic.org/#/
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LOCATION
