Property Type: Multifamily Townhomes
In September 2021, First Capital Advisors acquired 1200 Banister Lane, a six-unit townhome community located in the rapidly growing South Lamar neighborhood of Austin, Texas. The property sits upon a hilltop, affording skyline views of Downtown Austin – which is just four miles away – and providing excellent access to the abundant employment and entertainment opportunities that Austin has to offer.
The property consists of six, two-bedroom townhome units, each measuring approximately 850 SF. FCA has identified an opportunity to implement major renovations to the property, including new interior finishes and exterior updates, which will increase the property’s appeal to renters.