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Laurel Heights Apartments 483 Laurel Ln 72 Unit Apartment Building For Sale New Braunfels, TX 78130
Investment Highlights
- WELL-RENOVATED ASSET WITH STRONG BASIS AND LIMITED NEAR-TERM CAPEX
- INFILL LOCATION IN THE HEART OF NEW BRAUNFELS
- FAVORABLE UNIT MIX WITH A MAJORITY OF TWO-BEDROOM FLOOR PLANS
Executive Summary
WELL-RENOVATED ASSET WITH STRONG BASIS AND LIMITED NEAR-TERM CAPEX
Laurel Heights is a 72-unit garden-style apartment community that has undergone a comprehensive interior and exterior renovation under current ownership, with 31 of 72 units (43%) fully renovated to a premium standard. Interior upgrades include new luxury vinyl plank (LVP) flooring throughout, all-new fixtures and hardware, and fully renovated kitchens and bathrooms, with select units offering interior fireplaces. Exterior improvements have also been completed on the property such as fresh exterior paint, upgraded landscaping, enhanced exterior lighting, a renovated leasing office, and the addition of a pet park. The scope of work reflects a disciplined, execution-driven repositioning, materially reducing near-term Capex requirements while providing incoming ownership with a clear, repeatable path for remaining unit upgrades.
FAVORABLE UNIT MIX WITH A MAJORITY OF TWO-BEDROOM FLOOR PLANS
24 one-bedroom units
48 two-bedroom units
This unit mix skews toward larger, functional floor plans, appealing to long-term renters, couples, and small families — a key differentiator in the New Braunfels market where newer developments tend to favor smaller layouts. The predominance of two-bedroom units supports lower turnover, broader renter demand, and stronger rent durability across market cycle.
Laurel Heights is a 72-unit garden-style apartment community that has undergone a comprehensive interior and exterior renovation under current ownership, with 31 of 72 units (43%) fully renovated to a premium standard. Interior upgrades include new luxury vinyl plank (LVP) flooring throughout, all-new fixtures and hardware, and fully renovated kitchens and bathrooms, with select units offering interior fireplaces. Exterior improvements have also been completed on the property such as fresh exterior paint, upgraded landscaping, enhanced exterior lighting, a renovated leasing office, and the addition of a pet park. The scope of work reflects a disciplined, execution-driven repositioning, materially reducing near-term Capex requirements while providing incoming ownership with a clear, repeatable path for remaining unit upgrades.
FAVORABLE UNIT MIX WITH A MAJORITY OF TWO-BEDROOM FLOOR PLANS
24 one-bedroom units
48 two-bedroom units
This unit mix skews toward larger, functional floor plans, appealing to long-term renters, couples, and small families — a key differentiator in the New Braunfels market where newer developments tend to favor smaller layouts. The predominance of two-bedroom units supports lower turnover, broader renter demand, and stronger rent durability across market cycle.
Property Facts
| Sale Type | Investment | Lot Size | 3.50 AC |
| No. Units | 72 | Building Size | 53,221 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2022 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Zoning | C-1 | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 53,221 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | C-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Ceiling Fans
- Refrigerator
- Carpet
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 582 |
| 2+1 | 48 | - | 782 |
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Property Taxes
| Parcel Number | 31-0200-0002-00 | Improvements Assessment | $3,702,520 |
| Land Assessment | $1,797,480 | Total Assessment | $5,500,000 |
Property Taxes
Parcel Number
31-0200-0002-00
Land Assessment
$1,797,480
Improvements Assessment
$3,702,520
Total Assessment
$5,500,000
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Laurel Heights Apartments | 483 Laurel Ln
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