The Grove in Austin

Name: Sales in The Grove started!
Start: 2020-07-28T11:55:46.231765+00:00
End: 2023-12-31T23:59:59+0000
Location: The Grove

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Construction

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Property for sale in The Grove — look at the real estate search engine GEOLN.COM. Photo 1

Property for sale in The Grove — look at the real estate search engine GEOLN.COM. Photo 2

Property for sale in The Grove — look at the real estate search engine GEOLN.COM. Photo 3

Property for sale in The Grove — look at the real estate search engine GEOLN.COM. Photo 4

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Project info

Object ID: 8278

Finished at	January 2020
Price, m²	From 5380$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 92.00 m²
Floors	4
Apartments	1550
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

494,960$

Net profit

9,376$

Payback period

42.1 years

Avg property value increase per year

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About the project

Visit The Grove Store at 1818 W 35th Street and ask to see single-family homes and townhomes available for 2020 move-ins, including finished inventory. Experience the rare opportunity for new construction at an incredible location with shopping, trails, and parks at your doorsteps. Come see Austin’s Gathering Place.

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The Grove is a vibrant mixed-use development in the heart of Austin. Our community thrives on the concept of connecting people to a phenomenal lifestyle experience through a unique blend of urban development and planned amenities. The Grove unites premier dining, entertainment and upscale living opportunities with an exceptional geographic location.