Austin, Texas, Three Stories



 






Just fill the top floor and the bottom floor with cans. Use only the middle of the three floors. Use perfectly clean, factory fresh cans. They should be loose. And they should be crushed. Also, put some barriers up inside the apartments that you’re filling with cans. So that the cans don’t slip out, if you know what I mean. Like bulkheads in a ship.

By the way, you probably have full use of the court yard and swimming pool (assuming it works).

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Investment highlights

COMPREHSIVE RENOVATION, TURNKEY ASSET

Casa Marfil is a 73-unit, 1970-vintage community that completed a comprehensive $1.57 million renovation in 2025 — approximately $21,500 per unit invested by current ownership. The renovation scope covered major systems and surfaces: a full roof replacement, electrical upgrades with all-new subpanels, washer/ dryer connections added throughout, and completely refreshed interiors featuring quartz countertops, stainless steel appliances, modern flooring, and tile shower surrounds. Exterior improvements included all new windows and doors, new railings, fresh paint, and a renovated pool and lounge area — leaving a buyer with a like-new asset and minimal near-term capital requirements.

WALKABLE HYDE PARK INFILL LOCATION

Situated at the edge of Hyde Park and Hancock — two of Austin's most established and supply-con strained close-in neighborhoods — Casa Marfil places residents steps from a full-service HEB grocery and within easy walking distance of Duval Street dining, independent coffee shops, and neighborhood retail. The University of Texas campus anchors consistent renter demand less than a mile to the south, drawing students, faculty, and university-adjacent professionals alike. Seton Medical Center and multiple CapMetro bus lines add further depth to the renter pool across both student and workforce household profiles. The property enjoys strong street presence along Red River Street, providing the kind of visibility that supports organic leasing activity and brand recognition in a dense urban submarket.

SUPPLY CONSTRAINTS / INFILL SCARCITY

Hyde Park is among Austin's most established infill neighborhoods, where vacant land is scarce and new multifamily development faces meaningful barriers – both physical and political. Despite 2024 and 2025 ranking among the largest delivery years in Austin MSA history, this submarket accounted for less than 2.3% of total units completed (RealPage). Casa Marfil's fully renovated condition positions it as among the best-conditioned assets in the submarket, with little comparable new supply expected to compete directly for the same renter profile.

My note: it’s just down the road from the University of Texas. Wouldn’t that be cool?

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