1002 Southeast Martin Luther King Boulevard
Smithville, TX 78957
Rare HAP Opportunity
Independence Meadows presents a rare opportunity to leverage the Housing Assistance Payments (HAP) program, providing stable and guaranteed rental income. The HAP program ensures a consistent cash flow by subsidizing a portion of the tenants’ rent. This feature adds a layer of security and stability to the investment.
Average of 5% Annual HUD Rent Increases
The property is located in Bastrop County, TX. On average, HUD Fair Market Rents in the submarket have increased more than 5% per year since 1985. This long-term trend offers excellent income growth potential, ensuring steady appreciation of rental income over the investment’s duration.
Fully Renovated in 2019
Independence Meadows underwent a complete renovation in 2019, ensuring that it is in excellent condition and ready for immediate occupancy. This recent renovation significantly reduces the immediate need for additional capital expenditures, providing investors with peace of mind and minimizing future maintenance costs.
When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.
MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.
MMG Real Estate Advisors
601 Westport Road
Kansas City, MO 64111