Independence Meadows Smithville, TX

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Independence Meadows

Address

1002 Southeast Martin Luther King Boulevard
Smithville, TX 78957

Summary

  • Units: 42
  • Year Built: 1980
  • Year Renovated: 2019

Property Summary

  • Unique HAP Opportunity 
  • Average of 5% Annual HUD Rent Increases 
  • Fully Renovated in 2019 
  • Prime Location in Austin MSA 
  • Fully Assumable HUD Loan with Favorable Terms

Unique 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 rapidly growing Bastrop County, TX. On average, HUD Fair Market Rents in the submarket have increased 5% per year since 1985. This long-term trend offers consistent 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.

Matterport Tour

View the Space in 3D

Tour Video

Points of Interest

Amenities

Tenant Services

Unit Amenities

  • Dishwasher
  • Whirlpool Washer/Dryer
  • Microwave
  • Disposal
  • Vinyl Plank Floors
  • A/C
  • Dual Pane Windows

Community Amenities

  • Leasing Office
  • Open Space
  • Playground

Team

Brokerage Team

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.


Alex Thompson

Associate Advisor
MMG REA
303.345.7208 alex.thompson@mmgrea.com

Mark Diebold

Senior Director
MMG REA
512.667.4380 mark.diebold@mmgrea.com

Michael Watson

Managing Director/Director of Revenue & Production
MMG REA
512.557.5060 michael.watson@mmgrea.com

Michael Moffitt

Managing Director
MMG REA
512.584.4813 michael.moffitt@mmgrea.com

Thomas Rodriguez

Associate
MMG REA
913.608.3537 thomas.rodriguez@mmgrea.com

Thomas Skevington

Senior Advisor
MMG REA
913.231.1086 thomas.skevington@mmgrea.com

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com

Get in Touch

Address

MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111