99 Mager Ln Unit A2, Hutto, TX 78634
- $5,000,000
- 21,772
- SqFt
- List Price
- $5,000,000
- Status
- ACTIVE
- MLS#
- 8431363
- Days on Market
- 83
- Living Area
- 21,772
- Lot Size
- 128,371
- Area
- Georgetown, Hutto/Taylor/Coupland
Property Description
Rare opportunity to acquire a 22-unit build-to-rent (BTR) portfolio in Hutto, TX, offered at $5,000,000 (~$227K/unit)—a substantial discount to its recent appraised value of $5,548,700 (~10% below appraisal), providing immediate built-in equity. Villas at Cottonwood Trail features 22 detached 2–3 bedroom homes (822–1,152 SF) with private yards and dedicated parking, designed for strong rental demand and long-term tenant retention. Strategically located minutes from Samsung, Tesla, Amazon, and major toll roads (SH-130, Hwy 79, I-35), the property benefits from rapid population growth and major employment drivers. Current underwriting reflects projected gross income of ~$436,500 for long-term rentals with NOI of ~$302,070 (6.03% cap), and ~$736,800 gross with NOI of ~$380,512 (7.60% cap) utilizing a mid-term rental strategy. Blended approach projects ~$341,291 NOI (~6.8% cap). Average rents are approximately $1,653/month (LTR) and $2,047/month (MTR). Property supports flexible rental strategies including long-term, mid-term, and short-term rentals. Available as a full 22-unit portfolio or partial acquisition options including 11-unit, 4-unit, 2-unit groupings, or individual units. Rare chance to acquire a scalable, small-format BTR community in one of the fastest-growing submarkets north of Austin. Buyer to verify all information.
Additional Information
- Taxes
- $7,562
- Tax Year
- 2025
- HOA Name
- TBD
- Year Built
- 2026
- Parking Spaces
- 44
- Exterior Features
- Lighting, Private Yard
- Interior Features
- Interior Steps, Open Floorplan, Pantry, Stackable W/D Connections, Storage
- Roof
- Shingle
- Appliances
- Microwave, Oven
- Construction
- HardiPlank Type, Stone
- Region
- Georgetown, Hutto/Taylor/Coupland
- View
- No View
- School District
- Hutto ISD
- Elementary School
- Hutto
- High School
- Hutto
- Middle School
- Hutto
- Sewer
- Public Sewer
- Stories
- 2
- Street Name
- Mager Ln
- Street Number
- 99
- Neighborhood
- Pinnelli-Mayberry Sub
- Unit
- A2
- Water
- Public
- Acres
- 2.95
- County
- Williamson
- Floor
- Carpet, Vinyl
- Heating
- Central
- Lot Description
- See Remarks
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Listing courtesy of Keller Williams Realty Lone Star. Contact: (512) 994-0247
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