The Worthington

Property Information

Market Pricing

Location: Austin, TX
Address: 1717 W. 35th Street (78703)
Year Built: 1971
Units: 20
Status: Available

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Investment Highlights

Value-Add Potential

  • Renovation Strategy: Opportunity to capture significant rent premiums through high-impact interior modernizations, including updated cabinetry, modern finishes, and premium appliance packages.

  • In-Unit Amenity Improvement: Potential to install washer and dryer connections, a highly sought-after feature in the Bryker Woods submarket that supports higher base rents and long-term tenant retention.

  • Curb Appeal Enhancement: Strategic exterior and common-area improvements offer immediate upside by repositioning the property’s market presence and enhancing its overall aesthetic appeal.

  • Stabilized Cash Flow: Leased at 100% which provides a secure foundation of in-place cash flow, allowing a buyer to execute a phased renovation strategy without immediate operational risk.

Exception Infill Location in Central Austin

  • High-Barrier Submarket: Situated in the established Bryker Woods neighborhood, characterized by mature residential development and limited new multifamily supply.

  • Premier Employment & Education Access: Minutes from the University of Texas at Austin and the Downtown Central Business District, the region's most powerful economic and demand drivers.

  • Connectivity & Transit: Unrivaled access to major corridors, including the MoPac Expressway (Loop 1) and North Lamar Boulevard, linking residents to the Central Austin Medical District and regional employment hubs.

  • Superior Lifestyle Amenities: Boasts a "walkable" urban lifestyle with immediate proximity to iconic neighborhood retail, dining, and outdoor recreation like Pease Park and the Shoal Creek Trail.