Hummingbird Flats 5515 Humming Bird Ln 21 Unit Apartment Building For Sale Austin, TX 78745

A brand-new Class A boutique condominium asset, fully operational and professionally managed as a mid-term rental community.
The property is approximately 95% occupied, with the majority of residences delivered fully furnished, providing strong in-place cash flow and immediate income from acquisition.
A differentiated investment opportunity offering multiple potential strategies beyond a traditional multifamily hold. Investors may acquire the asset outright or participate through a majority-equity joint venture structure. Potential strategies include continuing the existing mid-term rental operation, transitioning select units to long-term leases, or pursuing individual condominium sales over time.
The condominium structure provides additional flexibility, with individually platted residences that are separately taxed and metered and an established condominium regime already in place. This creates optionality for a phased unit-by-unit disposition strategy while maintaining the ability to operate the property as a unified rental community.
The professionally managed mid-term rental platform conveys with the asset, providing an established operating infrastructure and reducing the operational requirements for an incoming owner.
Designed by award-winning architect Mark Odom and constructed by Blackridge Construction.
Modern concrete podium-style construction with steel framing, sound-conscious design elements, high-end finishes, and approximately 12-foot ceilings.
Strategically located within Austin’s South Congress corridor, minutes from Downtown Austin, Austin-Bergstrom International Airport, and the St. Elmo, SoLa, and SoCo entertainment districts. The property is also proximate to major employment centers, hospitals, and lifestyle amenities that support demand from traveling professionals, medical personnel, corporate tenants, and relocating executives—the core demographic for mid-term rental housing.