Apartments for sale austin tx
Austin Apartments: Austin, Texas is a city with broad-reaching appeal and more than its share of opportunity. As the state capital and one of Texas’ largest cities, Austin has an established infrastructure and a long list of recreational and cultural amenities.
Austin is a Mecca for investors! Located in the beautiful hill country, Austin is nestled between beautiful oak and pecan trees and surrounded by 150 miles of the Highland Lakes three of which run through the city of Austin itself. Barton Springs is one of many natural fed springs that is utilized as Austin’s chlorine free swimming holes cast in native limestone and maintains a constant 68 degree temperature year round. Average rainfall is 32 inches per year making. There are over 204 parks and 64 Golf courses making Austin a beautiful and green environment.
With optimistic forecasts for job growth, population and residential and commercial development, the economic future for the city looks very bright. Over the last several years, Austin has been nationally recognized by several different organizations for its unusually high quality of life. In 2004, Forbes magazine ranked Austin as the ‘coolest’ city in
America, the third best city for singles and the third best place for business and careers. Other notable designations include the ninth hottest city for entrepreneurs by Entrepreneur.com and National Policy Research Council, the fifth best city for runners by runnersworld.com and the eighth cleanest city by Reader’s Digest. Other advantages include a mild climate and strong arts community. Austin also has no local or state income tax. Because housing in the city is in such demand, the residential investment environment is very positive. In the fourth quarter of 2005, Austin Business Journal reported that occupancy and rental rates for Austin area apartments continued to rise. The selection of multi-family investment properties includes duplexes and four-plexes, as well as larger, multifamily complexes.
The Average age of Austin is 30. Austin is the 2nd highest educated city in the nation. Austin has the sixth highest median income nationally of $65,000. Additionally Austin has 60% renters and 40% home owners which is the exact opposite of every other major city in the nation. These statistics add up to one thing, GREAT TENANTS! For more reasons to choose Austin as your investment market contact: