Adelynn & Vivien at Mueller 2 Multifamily Properties in Austin, TX

Adelynn at Mueller is a 39-unit, two-story building that has undergone extensive renovation work, positioning it well for near-term completion and lease-up. Exterior upgrades include a TPO membrane roof, all new dual-pane windows, full exterior paint, modern framed-glass entry doors with electronic locks, and upgraded exterior electrical service. The property also features professionally installed landscaping with decorative rock beds and fresh plantings, creating strong curb appeal and a clean, finished look. Additionally, new aluminum perimeter fencing provides a secure and polished exterior environment. Internally, four units have been fully renovated, including in-unit washer/dryer connections, and many more have received new drywall and flooring. With the building shell complete and interior work well underway, Adelynn offers investors a clear path to stabilization with flexibility to complete the remaining units to their preferred finish level.
Vivien at Mueller is a 39-unit building offering significant upside through interior repositioning. Previous ownership completed meaningful exterior upgrades, including new vinyl plank siding on one side, replacement of 90% of windows, new modern glass front doors with electronic locks, and fresh exterior paint on three of four sides. The pitched composite shingle roof is in good condition and, per a recent Property Condition Assessment, does not require immediate attention. While landscaping and fencing improvements remain to be completed, the building’s exterior envelope is largely upgraded—creating a strong foundation for interior investment. Many units have been demoed or partially built out, while six classic units remain intact, allowing for flexibility in scope and finish level. With no legacy tenancy and immediate scale adjacency to Adelynn, Vivien offers a clear path to value creation through tailored renovation execution.