99 Mager Ln AHutto, TX 78634

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, dedicated parking and potential options for a front courtyard and covered carport. 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.

Property Information

Property type

Residential

Year built

2026

Living area

21,772 Sq Ft

Lot size

1.01 acres

Parking spaces

44

Ownership

Fee-Simple

Days on market

493

MLS^® Listing#

3531437

Property Features

Interior

Open Floorplan · Pantry · Storage · High Speed Internet

Exterior

Lighting · Private Yard

Appliances

Microwave · Oven

Cooling

Central Air

Heating

Central

Flooring

Carpet · Vinyl

Pool

None

Parking

Private

Laundry

Laundry Room · Inside

Patio

Front Porch

Fencing

Wood

Lot features

Back Yard · Front Yard · Level · Native Plants

Construction

HardiPlank Type · Stone

Foundation

Slab

Roof

Shingle

Windows

Double Pane Windows

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Other structures

None

Community

Park · Playground · Suburban

Utilities

Electricity Available · Sewer Available · Water Available

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Hutto

Middle

Hutto

High

Hutto

Financial Details

HOA

$150 / Monthly

Annual taxes

$17,389Tax year 2025

Assessed value

$804,888

Parcel number

14167200000001

Directions

From HWY 79 turn onto N FM 1660, turn right onto Mager Ln. The property is on the left across from Hutto Elementary.